Spectris plc (SXS) Given “Hold” Rating at Peel Hunt
Spectris plc (LON:SXS)‘s stock had its “hold” rating reissued by stock analysts at Peel Hunt in a research note issued on Wednesday. They currently have a GBX 2,585 ($33.43) price objective on the stock. Peel Hunt’s target price suggests a potential upside of 9.81% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Shore Capital reiterated a “buy” rating on shares of Spectris plc in a report on Wednesday. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 2,860 ($36.99) price objective on shares of Spectris plc in a report on Monday, August 7th. Liberum Capital reiterated a “buy” rating and issued a GBX 2,830 ($36.60) price objective on shares of Spectris plc in a report on Thursday, July 27th. Jefferies Group LLC increased their price objective on Spectris plc from GBX 2,810 ($36.34) to GBX 2,940 ($38.02) and gave the stock a “buy” rating in a report on Wednesday, May 31st. Finally, J P Morgan Chase & Co increased their price objective on Spectris plc from GBX 2,425 ($31.36) to GBX 2,525 ($32.66) and gave the stock a “neutral” rating in a report on Thursday, May 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Spectris plc presently has an average rating of “Hold” and an average target price of GBX 2,581.82 ($33.39).
Spectris plc (LON SXS) remained flat at GBX 2354.00 on Wednesday. 126,977 shares of the company traded hands. The stock has a 50-day moving average of GBX 2,495.33 and a 200-day moving average of GBX 2,555.03. Spectris plc has a 52 week low of GBX 1,811.36 and a 52 week high of GBX 2,869.00. The company’s market capitalization is GBX 2.81 billion.
In related news, insider Mark Williamson bought 15,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were purchased at an average cost of GBX 2,653 ($34.31) per share, with a total value of £397,950 ($514,679.26).
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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