Spectris plc Price Target Lowered to GBX 2,050 at N+1 Singer (SXS)
Research analysts at N+1 Singer dropped their target price on shares of Spectris plc (LON:SXS) from GBX 2,300 ($38.70) to GBX 2,050 ($34.49) in a report released on Monday. The firm currently has a “hold” rating on the stock. N+1 Singer’s target price would indicate a potential upside of 7.67% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Investec cut their price target on shares of Spectris plc from GBX 2,720 ($45.77) to GBX 2,580 ($43.41) in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Spectris plc in a research note on Wednesday, July 30th. They now have a GBX 2,350 ($39.54) price target on the stock. Finally, 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 ($40.38) price target on the stock, down previously from GBX 2,700 ($45.43). One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Spectris plc currently has a consensus rating of “Buy” and a consensus target price of GBX 2,458.44 ($41.37).
Spectris plc (LON:SXS) traded down 0.63% on Monday, hitting GBX 1904.0001. The stock had a trading volume of 200,901 shares. Spectris plc has a 52-week low of GBX 1862.9999 and a 52-week high of GBX 2572.00. The stock’s 50-day moving average is GBX 2165.81 and its 200-day moving average is GBX 2276.13. The company’s market cap is £2.260 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, November 12th. Stockholders 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.
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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