Spectris plc (LON:SXS)‘s stock had its “neutral” rating reiterated by investment analysts at BNP Paribas in a research report issued on Tuesday. They currently have a GBX 2,600 ($33.95) price objective on the stock. BNP Paribas’ price target would suggest a potential downside of 0.50% from the stock’s previous close.
Several other brokerages have also commented on SXS. Deutsche Bank AG restated a “buy” rating and set a GBX 2,860 ($37.35) target price on shares of Spectris plc in a research report on Wednesday, May 3rd. Shore Capital reaffirmed a “buy” rating on shares of Spectris plc in a research note on Wednesday, May 17th. Liberum Capital reaffirmed a “buy” rating and set a GBX 2,830 ($36.95) price target on shares of Spectris plc in a research note on Wednesday, May 17th. Barclays PLC reaffirmed an “overweight” rating on shares of Spectris plc in a research note on Tuesday, April 25th. Finally, Jefferies Group LLC lifted their price target on Spectris plc from GBX 2,810 ($36.69) to GBX 2,940 ($38.39) and gave the stock a “buy” rating in a research note on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 2,522.50 ($32.94).
Shares of Spectris plc (SXS) opened at 2617.00 on Tuesday. The stock’s market capitalization is GBX 3.12 billion. The company’s 50-day moving average is GBX 2,607.33 and its 200-day moving average is GBX 2,544.21. Spectris plc has a one year low of GBX 1,811.36 and a one year high of GBX 2,869.00.
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In related news, insider Mark Williamson acquired 15,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was bought at an average price of GBX 2,653 ($34.64) per share, with a total value of £397,950 ($519,652.65).
About Spectris plc
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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