Spectris (LON:SXS) was upgraded by investment analysts at Numis Securities to an “add” rating in a research report issued on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 3,000 ($39.20) price objective on the stock, up from their prior price objective of GBX 2,400 ($31.36). Numis Securities’ price target suggests a potential upside of 17.10% from the company’s current price.
A number of other equities research analysts have also recently weighed in on SXS. Peel Hunt restated an “add” rating on shares of Spectris in a research note on Tuesday, February 19th. Deutsche Bank restated a “buy” rating on shares of Spectris in a research note on Thursday, February 21st. Jefferies Financial Group restated a “buy” rating and issued a GBX 3,195 ($41.75) price target on shares of Spectris in a research note on Tuesday, February 19th. Shore Capital restated a “hold” rating on shares of Spectris in a research note on Wednesday, February 27th. Finally, HSBC increased their price target on Spectris from GBX 2,250 ($29.40) to GBX 2,600 ($33.97) and gave the company a “hold” rating in a research note on Wednesday, February 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Spectris currently has an average rating of “Hold” and a consensus target price of GBX 2,708.93 ($35.40).
Shares of Spectris stock opened at GBX 2,562 ($33.48) on Thursday. Spectris has a 12-month low of GBX 1,924.50 ($25.15) and a 12-month high of GBX 2,957 ($38.64). The company has a market cap of $2.97 billion and a PE ratio of 16.33. The company has a current ratio of 1.60, a quick ratio of 1.03 and a debt-to-equity ratio of 30.03.
Spectris (LON:SXS) last announced its quarterly earnings data on Tuesday, February 19th. The company reported GBX 164.90 ($2.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 155.20 ($2.03) by GBX 9.70 ($0.13). As a group, equities analysts expect that Spectris will post 17117.9987369281 earnings per share for the current fiscal year.
In other news, insider Derek Harding acquired 4,000 shares of the stock in a transaction on Friday, March 1st. The shares were purchased at an average price of GBX 2,658 ($34.73) per share, for a total transaction of £106,320 ($138,925.91). Also, insider Clive Watson sold 8,504 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of GBX 2,742 ($35.83), for a total value of £233,179.68 ($304,690.55).
Spectris plc manufactures and sells measuring instruments and controls worldwide. It operates through four segments: Materials Analysis, Test and Measurement, In-line Instrumentation, and Industrial Controls. The Materials Analysis segment provides products and services, which enable customers to determine structure, composition, quantity, and quality of particles and materials during their research and development processes, when assessing materials before production, or during the manufacturing process.
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