Analysts at Berenberg Bank initiated coverage on shares of Spectris (LON:SXS) in a research report issued to clients and investors on Thursday, ThisIsMoney.Co.Uk reports. The firm set a “hold” rating and a GBX 2,440 ($31.88) price target on the stock. Berenberg Bank’s target price would suggest a potential downside of 4.13% from the company’s previous close.
Several other research analysts have also commented on the stock. Numis Securities upgraded shares of Spectris to an “add” rating and upped their price objective for the stock from GBX 2,400 ($31.36) to GBX 3,000 ($39.20) in a report on Thursday. Peel Hunt upped their price objective on shares of Spectris from GBX 2,500 ($32.67) to GBX 2,845 ($37.17) and gave the stock an “add” rating in a report on Wednesday, April 24th. Deutsche Bank restated a “buy” rating on shares of Spectris in a report on Monday, April 15th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Spectris in a research report on Friday, April 12th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Spectris in a research report on Wednesday, February 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 2,708.93 ($35.40).
LON:SXS opened at GBX 2,545 ($33.25) on Thursday. The company has a debt-to-equity ratio of 30.03, a current ratio of 1.60 and a quick ratio of 1.03. Spectris has a 52 week low of GBX 1,924.50 ($25.15) and a 52 week high of GBX 2,957 ($38.64). The firm has a market cap of $2.97 billion and a P/E ratio of 16.22.
Spectris (LON:SXS) last issued its quarterly earnings data on Tuesday, February 19th. The company reported GBX 164.90 ($2.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 155.20 ($2.03) by GBX 9.70 ($0.13). Equities research analysts expect that Spectris will post 17117.9987369281 EPS for the current fiscal year.
In other news, insider Derek Harding acquired 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were bought at an average cost of GBX 2,658 ($34.73) per share, with a total value of £106,320 ($138,925.91). Also, insider Clive Watson sold 8,504 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of GBX 2,742 ($35.83), for a total transaction of £233,179.68 ($304,690.55).
Spectris Company Profile
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.
Receive News & Ratings for Spectris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectris and related companies with MarketBeat.com's FREE daily email newsletter.