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Spectris plc (LON:SXS)‘s stock had its “outperform” rating reaffirmed by equities research analysts at BNP Paribas in a research note issued to investors on Wednesday. They currently have a GBX 2,350 ($39.90) price objective on the stock. BNP Paribas’ target price would indicate a potential upside of 22.65% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity downgraded shares of Spectris plc to a “hold” rating in a research note on Tuesday, July 29th. They now have a GBX 2,400 ($40.75) price target on the stock, down previously from GBX 2,700 ($45.85). Separately, analysts at Goldman Sachs cut their price target on shares of Spectris plc from GBX 3,050 ($51.79) to GBX 2,770 ($47.04) in a research note on Monday, July 28th. They now have a “strong-buy” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 2,481.56 ($42.14).

Shares of Spectris plc (LON:SXS) traded up 0.42% during mid-day trading on Wednesday, hitting GBX 1916.00. 306,063 shares of the company’s stock traded hands. Spectris plc has a 52-week low of GBX 1863.00 and a 52-week high of GBX 2572.00. The stock has a 50-day moving average of GBX 2165.81 and a 200-day moving average of GBX 2276.13. The company’s market cap is £2.274 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.

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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