Spectris plc (SXS) Given New GBX 2,710 Price Target at Barclays PLC
Spectris plc (LON:SXS) had its price target cut by equities researchers at Barclays PLC from GBX 2,900 ($37.65) to GBX 2,710 ($35.18) in a research report issued to clients and investors on Thursday. The firm presently has an “overweight” rating on the stock. Barclays PLC’s price objective would indicate a potential upside of 11.75% from the stock’s current price.
SXS has been the subject of several other reports. Jefferies Group LLC raised their price objective on shares of Spectris plc from GBX 2,810 ($36.48) to GBX 2,940 ($38.17) and gave the stock a “buy” rating in a research report on Wednesday, May 31st. Liberum Capital restated a “buy” rating and set a GBX 2,830 ($36.74) price objective on shares of Spectris plc in a research report on Thursday, July 27th. Deutsche Bank AG restated a “buy” rating and set a GBX 2,860 ($37.13) price objective on shares of Spectris plc in a research report on Wednesday, May 3rd. J P Morgan Chase & Co raised their price objective on shares of Spectris plc from GBX 2,425 ($31.48) to GBX 2,525 ($32.78) and gave the stock a “neutral” rating in a research report on Thursday, May 18th. Finally, Peel Hunt restated a “hold” rating and set a GBX 2,585 ($33.56) price objective on shares of Spectris plc in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Spectris plc presently has an average rating of “Hold” and an average price target of GBX 2,581.82 ($33.52).
Shares of Spectris plc (LON:SXS) traded down 1.10% during mid-day trading on Thursday, reaching GBX 2425.00. 160,299 shares of the company’s stock traded hands. The stock has a 50-day moving average price of GBX 2,512.57 and a 200 day moving average price of GBX 2,555.40. Spectris plc has a 12-month low of GBX 1,811.36 and a 12-month high of GBX 2,869.00. The firm’s market capitalization is GBX 2.89 billion.
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In related news, insider Mark Williamson purchased 15,000 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was acquired at an average cost of GBX 2,653 ($34.44) per share, for a total transaction of £397,950 ($516,616.90).
Spectris plc Company Profile
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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