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).

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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.

Analyst Recommendations for Spectris (LON:SXS)

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