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.

Analyst Recommendations for Spectris plc (LON:SXS)

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