Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.