Liberum Capital Boosts Spectris (SXS) Price Target to GBX 2,880
Spectris (LON:SXS) had its price objective raised by equities researchers at Liberum Capital from GBX 2,830 ($38.38) to GBX 2,880 ($39.06) in a report released on Friday. The firm currently has a “buy” rating on the stock. Liberum Capital’s price target points to a potential upside of 10.18% from the stock’s previous close.
Other analysts also recently issued reports about the company. Peel Hunt reissued a “hold” rating and issued a GBX 2,585 ($35.06) target price on shares of Spectris in a report on Tuesday, October 31st. Shore Capital reissued a “buy” rating on shares of Spectris in a report on Tuesday, November 21st. Goldman Sachs Group started coverage on Spectris in a report on Wednesday, December 13th. They issued a “buy” rating and a GBX 2,900 ($39.33) target price for the company. Barclays boosted their target price on Spectris from GBX 2,710 ($36.75) to GBX 2,750 ($37.29) and gave the company an “overweight” rating in a report on Monday, December 18th. Finally, Deutsche Bank reissued a “buy” rating and issued a GBX 2,860 ($38.78) target price on shares of Spectris in a report on Friday, October 13th. Two 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 has an average rating of “Hold” and an average target price of GBX 2,654.17 ($35.99).
Shares of Spectris (LON SXS) traded up GBX 55 ($0.75) during midday trading on Friday, reaching GBX 2,614 ($35.45). The company’s stock had a trading volume of 374,551 shares, compared to its average volume of 224,534. The stock has a market cap of $3,120.00 and a P/E ratio of 29,044.44. Spectris has a 12 month low of GBX 2,225 ($30.17) and a 12 month high of GBX 2,869 ($38.91).
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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