Spectris (SXS) Stock Rating Upgraded by Numis Securities
Spectris (LON:SXS) was upgraded by stock analysts at Numis Securities to a “reduce” rating in a research note issued to investors on Tuesday. The brokerage currently has a GBX 2,100 ($28.26) price target on the stock. Numis Securities’ price target suggests a potential downside of 13.33% from the stock’s previous close.
Other analysts also recently issued research reports about the company. Deutsche Bank restated a “buy” rating and set a GBX 2,860 ($38.49) price objective on shares of Spectris in a report on Monday, August 7th. Barclays lowered their price target on Spectris from GBX 2,900 ($39.03) to GBX 2,710 ($36.47) and set an “overweight” rating for the company in a research note on Thursday, August 17th. Shore Capital restated a “buy” rating on shares of Spectris in a report on Wednesday, August 30th. Liberum Capital restated a “buy” rating and issued a GBX 2,830 ($38.09) target price on shares of Spectris in a report on Wednesday, August 30th. Finally, Peel Hunt restated a “hold” rating and issued a GBX 2,585 ($34.79) target price on shares of Spectris in a report on Wednesday, August 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 2,621.67 ($35.28).
Shares of Spectris (LON:SXS) traded down GBX 27 ($0.36) on Tuesday, hitting GBX 2,423 ($32.61). 317,230 shares of the stock traded hands, compared to its average volume of 285,092. Spectris has a 52 week low of GBX 2,053 ($27.63) and a 52 week high of GBX 2,869 ($38.61).
Spectris 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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