Spectris plc (SXS) Receives “Neutral” Rating from J P Morgan Chase & Co
Spectris plc (LON:SXS)‘s stock had its “neutral” rating reaffirmed by equities research analysts at J P Morgan Chase & Co in a research report issued on Monday.
Other equities analysts have also issued research reports about the stock. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 2,860 ($37.26) price objective on shares of Spectris plc in a research report on Monday, July 10th. Jefferies Group LLC raised their price objective on shares of Spectris plc from GBX 2,810 ($36.61) to GBX 2,940 ($38.30) and gave the company a “buy” rating in a research report on Wednesday, May 31st. Shore Capital reaffirmed a “buy” rating on shares of Spectris plc in a research report on Wednesday, May 17th. Liberum Capital reaffirmed a “buy” rating and set a GBX 2,830 ($36.87) price objective on shares of Spectris plc in a research report on Wednesday, May 17th. Finally, HSBC Holdings plc raised shares of Spectris plc to a “hold” rating and raised their price objective for the company from GBX 1,700 ($22.15) to GBX 2,500 ($32.57) in a research report on Thursday, April 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 2,551.67 ($33.24).
Spectris plc (SXS) traded up 2.25% during midday trading on Monday, reaching GBX 2634.00. 476,860 shares of the company’s stock traded hands. The company’s 50-day moving average price is GBX 2,606.38 and its 200 day moving average price is GBX 2,544.89. Spectris plc has a 52 week low of GBX 1,811.36 and a 52 week high of GBX 2,869.00. The stock’s market capitalization is GBX 3.14 billion.
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In other Spectris plc news, insider Mark Williamson purchased 15,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were purchased at an average price of GBX 2,653 ($34.56) per share, for a total transaction of £397,950 ($518,434.08).
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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