Spectris (LON:SXS) had its price target hoisted by investment analysts at Liberum Capital from GBX 2,830 ($39.74) to GBX 2,880 ($40.44) in a research note issued on Friday, January 12th. The firm currently has a “buy” rating on the stock. Liberum Capital’s target price indicates a potential upside of 10.90% from the stock’s previous close.
Other analysts have also recently issued research reports about the stock. Goldman Sachs Group assumed coverage on shares of Spectris in a research note on Wednesday, December 13th. They issued a “buy” rating and a GBX 2,900 ($40.72) price target for the company. Morgan Stanley upped their price objective on shares of Spectris from GBX 2,840 ($39.88) to GBX 2,860 ($40.16) and gave the stock an “overweight” rating in a report on Thursday, September 21st. Barclays upped their price objective on shares of Spectris from GBX 2,710 ($38.06) to GBX 2,750 ($38.62) and gave the stock an “overweight” rating in a report on Monday, December 18th. Shore Capital restated a “buy” rating on shares of Spectris in a report on Thursday, December 14th. Finally, Deutsche Bank restated a “buy” rating and issued a GBX 2,860 ($40.16) price objective on shares of Spectris in a report on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 2,654.17 ($37.27).
Spectris (LON:SXS) traded down GBX 19 ($0.27) during trading on Friday, hitting GBX 2,597 ($36.47). 222,975 shares of the stock traded hands, compared to its average volume of 208,979. Spectris has a twelve month low of GBX 2,225 ($31.25) and a twelve month high of GBX 2,869 ($40.29). The stock has a market cap of $3,100.00 and a PE ratio of 28,855.56.
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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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