Spectris plc Given “Outperform” Rating at Credit Suisse (SXS)
Spectris plc (LON:SXS)‘s stock had its “outperform” rating reiterated by research analysts at Credit Suisse in a report released on Tuesday. They currently have a GBX 2,560 ($43.91) price objective on the stock. Credit Suisse’s target price suggests a potential upside of 15.39% from the company’s current price.
Shares of Spectris plc (LON:SXS) opened at 2198.00 on Tuesday. Spectris plc has a 1-year low of GBX 1896.9999 and a 1-year high of GBX 2572.00. The stock’s 50-day moving average is GBX 2277.83 and its 200-day moving average is GBX 2332.33. The company’s market cap is £2.608 billion.
A number of other analysts have also recently weighed in on SXS. Analysts at Liberum Capital reiterated a “buy” rating on shares of Spectris plc in a research note on Wednesday, July 2nd. They now have a GBX 2,550 ($43.74) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Spectris plc in a research note on Tuesday, July 1st. They now have a GBX 2,500 ($42.88) price target on the stock. Finally, analysts at BNP Paribas initiated coverage on shares of Spectris plc in a research note on Friday, June 27th. They set an “outperform” rating and a GBX 2,650 ($45.45) price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of GBX 2,635 ($45.20).
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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