BNP Paribas Reiterates Neutral Rating for Spectris plc (LON:SXS)

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.

Analyst Recommendations for Spectris plc (LON:SXS)

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