Spectris plc (SXS) Price Target Raised to GBX 2,525

Spectris plc (LON:SXS) had its price objective upped by J P Morgan Chase & Co from GBX 2,425 ($30.68) to GBX 2,525 ($31.94) in a research note released on Thursday, May 18th. The firm currently has a neutral rating on the stock.

SXS has been the topic of a number of other research reports. BNP Paribas cut Spectris plc to a neutral rating and set a GBX 2,430 ($30.74) target price on the stock. in a report on Friday, February 10th. Liberum Capital reiterated a buy rating on shares of Spectris plc in a report on Tuesday, February 14th. Peel Hunt increased their target price on Spectris plc from GBX 2,420 ($30.61) to GBX 2,585 ($32.70) and gave the company a hold rating in a report on Friday, February 17th. Deutsche Bank AG increased their target price on Spectris plc from GBX 2,184 ($27.63) to GBX 2,795 ($35.36) and gave the company a buy rating in a report on Wednesday, January 18th. Finally, HSBC Holdings plc upgraded Spectris plc to a hold rating and raised their price objective for the stock from GBX 1,700 ($21.51) to GBX 2,500 ($31.63) in a report on Thursday, April 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 2,560.91 ($32.40).

Shares of Spectris plc (LON SXS) opened at 2679.00 on Thursday. Spectris plc has a one year low of GBX 1,632.00 and a one year high of GBX 2,869.00. The stock’s market capitalization is GBX 3.19 billion. The stock’s 50 day moving average price is GBX 2,672.22 and its 200 day moving average price is GBX 2,477.66.

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In other news, insider Mark Williamson purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was acquired at an average cost of GBX 2,653 ($33.56) per share, for a total transaction of £397,950 ($503,415.56).

Spectris plc 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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