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Analysts at Goldman Sachs dropped their price objective on shares of Spectris plc (LON:SXS) from GBX 3,050 ($51.79) to GBX 2,770 ($47.04) in a research report issued to clients and investors on Monday. The firm currently has a “strong-buy” rating on the stock. Goldman Sachs’ price target would indicate a potential upside of 45.03% from the stock’s previous close.

Spectris plc (LON:SXS) opened at 1907.5001 on Monday. Spectris plc has a 1-year low of GBX 1915.00 and a 1-year high of GBX 2572.00. The stock’s 50-day moving average is GBX 2207. and its 200-day moving average is GBX 2288.. The company’s market cap is £2.264 billion.

The company also recently declared a dividend, which is scheduled for Wednesday, November 12th. Stockholders of record on Thursday, October 16th will be given a dividend of GBX 16 ($0.27) per share. This represents a yield of 0.83%. The ex-dividend date of this dividend is Thursday, October 16th.

A number of other firms have also recently commented on SXS. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Spectris plc in a research note on Friday. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Spectris plc in a research note on Friday. They now have a GBX 2,250 ($38.21) price target on the stock. Finally, analysts at Natixis reiterated a “hold” rating on shares of Spectris plc in a research note on Friday. They now have a GBX 2,300 ($39.06) price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 2,516.33 ($42.73).

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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