BNP Paribas Initiates Coverage on Spectris plc (SXS)
Investment analysts at BNP Paribas assumed coverage on shares of Spectris plc (LON:SXS) in a note issued to investors on Friday. The firm set an “outperform” rating and a GBX 2,650 ($45.10) price target on the stock. BNP Paribas’ target price suggests a potential upside of 18.94% from the stock’s previous close.
Shares of Spectris plc (LON:SXS) traded up 0.36% on Friday, hitting GBX 2228.00. The stock had a trading volume of 157,082 shares. Spectris plc has a one year low of GBX 1895.0001 and a one year high of GBX 2572.00. The stock has a 50-day moving average of GBX 2284.81 and a 200-day moving average of GBX 2339.18. The company’s market cap is £2.644 billion.
A number of other firms have also recently commented on SXS. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Spectris plc in a research note on Wednesday, June 18th. They now have a GBX 2,500 ($42.55) price target on the stock. Separately, analysts at N+1 Singer reiterated a “hold” rating on shares of Spectris plc in a research note on Wednesday, June 18th. They now have a GBX 2,300 ($39.14) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Spectris plc in a research note on Monday, June 16th. They now have a GBX 2,560 ($43.57) price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Spectris plc presently has an average rating of “Buy” and an average price target of GBX 2,466.93 ($41.98).
Spectris plc designs, develops and markets instrumentation and controls. It operates in four segments: Materials Analysis provides products that enable customers to assess structure, composition, quantity and quality of particles and materials, during their research and development (LON:SXS) process; Test and Measurement supplies test, measurement and analysis equipment and software for product design optimization, manufacturing control and environmental monitoring systems; In-line Instrumentation provides process analytical measurement, asset monitoring and on-line controls for both primary processing and the converting industries, and Industrial Controls provides products and solutions that monitor, control, inform, track and trace during the production process.
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