Spectris plc’s Outperform Rating Reaffirmed at BNP Paribas (SXS)
Spectris plc (LON:SXS)‘s stock had its “outperform” rating restated by analysts at BNP Paribas in a research report issued to clients and investors on Wednesday. They currently have a GBX 2,650 ($45.45) target price on the stock. BNP Paribas’ target price points to a potential upside of 24.12% from the stock’s previous close.
Shares of Spectris plc (LON:SXS) traded down 1.52% during mid-day trading on Wednesday, hitting GBX 2135.00. 208,165 shares of the company’s stock traded hands. Spectris plc has a 52 week low of GBX 1896.9999 and a 52 week high of GBX 2572.00. The stock’s 50-day moving average is GBX 2272.81 and its 200-day moving average is GBX 2326.. The company’s market cap is £2.534 billion.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Spectris plc in a research note on Tuesday. They now have a GBX 2,560 ($43.91) price target on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently 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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