Deutsche Bank AG Reaffirms “Buy” Rating for Spectris plc (LON:SXS)
Spectris plc (LON:SXS)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank AG in a research report issued on Monday. They presently have a GBX 2,860 ($37.05) price target on the stock. Deutsche Bank AG’s price objective indicates a potential upside of 12.33% from the stock’s previous close.
Several other equities research analysts also recently weighed in on the company. Jefferies Group LLC raised their price target on Spectris plc from GBX 2,810 ($36.40) to GBX 2,940 ($38.08) and gave the stock a “buy” rating in a report on Wednesday, May 31st. J P Morgan Chase & Co raised their price target on Spectris plc from GBX 2,425 ($31.41) to GBX 2,525 ($32.71) and gave the stock a “neutral” rating in a report on Thursday, May 18th. Shore Capital reissued a “buy” rating on shares of Spectris plc in a report on Wednesday, May 17th. Liberum Capital reissued a “buy” rating and issued a GBX 2,830 ($36.66) price target on shares of Spectris plc in a report on Wednesday, May 17th. Finally, Barclays PLC reissued an “overweight” rating on shares of Spectris plc in a report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 2,560.91 ($33.17).
Spectris plc (LON SXS) opened at 2547.00 on Monday. The firm has a 50-day moving average price of GBX 2,631.35 and a 200-day moving average price of GBX 2,513.75. The stock’s market cap is GBX 3.04 billion. Spectris plc has a 12 month low of GBX 1,755.00 and a 12 month high of GBX 2,869.00.
In related news, insider Mark Williamson purchased 15,000 shares of Spectris plc stock in a transaction that occurred on Thursday, June 1st. The stock was bought at an average cost of GBX 2,653 ($34.37) per share, for a total transaction of £397,950 ($515,479.27).
About Spectris plc
Spectris plc is a supplier of productivity-enhancing instruments and controls. It operates through four segments: Materials Analysis, Test and Measurement, In-Line Instrumentation and Industrial Controls. The Materials Analysis segment provides products and services that determine structure, composition, quantity and quality of particles and materials, during research and product development processes.
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