Peel Hunt Reaffirms “Hold” Rating for Spectris plc (SXS)
Spectris plc (LON:SXS)‘s stock had its “hold” rating reaffirmed by equities researchers at Peel Hunt in a note issued to investors on Tuesday. They presently have a GBX 2,585 ($33.68) price objective on the stock. Peel Hunt’s price objective indicates a potential downside of 1.86% from the stock’s current price.
A number of other research firms have also recently commented on SXS. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 2,900 ($37.78) target price on shares of Spectris plc in a research report on Monday. Liberum Capital upped their target price on shares of Spectris plc from GBX 2,080 ($27.10) to GBX 2,830 ($36.87) and gave the company a “buy” rating in a research report on Wednesday, April 12th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 2,860 ($37.26) target price on shares of Spectris plc in a research report on Wednesday, May 3rd. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 2,600 ($33.87) target price on shares of Spectris plc in a research report on Tuesday, July 18th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Spectris plc in a research report on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Spectris plc has an average rating of “Hold” and a consensus price target of GBX 2,551.67 ($33.24).
Spectris plc (LON SXS) opened at 2474.00 on Tuesday. Spectris plc has a 52-week low of GBX 1,811.36 and a 52-week high of GBX 2,869.00. The firm’s 50-day moving average is GBX 2,606.38 and its 200-day moving average is GBX 2,551.70. The stock’s market cap is GBX 2.95 billion.
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In other Spectris plc news, insider Mark Williamson purchased 15,000 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were bought at an average cost 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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