Natixis Reiterates Hold Rating for Spectris plc (SXS)
Spectris plc (LON:SXS)‘s stock had its “hold” rating reaffirmed by equities researchers at Natixis in a research report issued on Friday. They currently have a GBX 2,300 ($39.30) price target on the stock. Natixis’ target price would suggest a potential upside of 17.47% from the stock’s previous close.
Shares of Spectris plc (LON:SXS) opened at 2021.0643 on Friday. Spectris plc has a one year low of GBX 1915.00 and a one year high of GBX 2572.00. The stock has a 50-day moving average of GBX 2223. and a 200-day moving average of GBX 2295.91. The company’s market cap is £2.398 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, November 12th. Shareholders of record on Thursday, October 16th will be paid a dividend of GBX 16 ($0.27) per share. This represents a dividend yield of 0.83%. The ex-dividend date is Thursday, October 16th.
A number of other firms have also recently commented on SXS. Analysts at Numis Securities Ltd downgraded shares of Spectris plc to a “hold” rating in a research note on Friday. They now have a GBX 2,300 ($39.30) 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 Friday. They now have a GBX 2,300 ($39.30) price target on the stock. Finally, analysts at Investec cut their price target on shares of Spectris plc from GBX 2,775 ($47.42) to GBX 2,720 ($46.48) in a research note on Tuesday. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 2,552.33 ($43.61).
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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