Spectris plc Given Consensus Recommendation of “Buy” by Analysts (LON:SXS)
Shares of Spectris plc (LON:SXS) have earned an average rating of “Buy” from the seventeen brokerages that are presently covering the company, AR Network reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 2,458.44 ($40.68).
Spectris plc (LON:SXS) traded down 0.10% during mid-day trading on Monday, hitting GBX 2015.00. The stock had a trading volume of 187,583 shares. Spectris plc has a one year low of GBX 1863.00 and a one year high of GBX 2572.00. The stock has a 50-day moving average of GBX 2046. and a 200-day moving average of GBX 2238.12. The company’s market cap is £2.392 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, November 12th. Investors of record on Thursday, October 16th will be paid a dividend of GBX 16 ($0.26) per share. This represents a dividend yield of 0.83%. The ex-dividend date is Thursday, October 16th.
SXS has been the subject of a number of recent research reports. Analysts at Liberum Capital reiterated a “buy” rating on shares of Spectris plc in a research note on Monday, August 4th. They now have a GBX 2,430 ($40.21) price target on the stock. Separately, analysts at N+1 Singer cut their price target on shares of Spectris plc from GBX 2,300 ($38.06) to GBX 2,050 ($33.92) in a research note on Monday, August 4th. They now have a “hold” rating on the stock. Finally, analysts at Investec cut their price target on shares of Spectris plc from GBX 2,720 ($45.01) to GBX 2,580 ($42.69) in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock.
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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