Spectris (LON:SXS)‘s stock had its “hold” rating reissued by research analysts at Liberum Capital in a report released on Wednesday. They currently have a GBX 2,800 ($39.05) price target on the stock. Liberum Capital’s target price would indicate a potential upside of 4.32% from the stock’s previous close.
Other analysts have also issued research reports about the stock. Numis Securities upgraded shares of Spectris to a “hold” rating and set a GBX 2,800 ($39.05) price target on the stock in a research report on Tuesday, February 20th. Jefferies Group reiterated a “buy” rating and set a GBX 3,175 ($44.28) price target on shares of Spectris in a research report on Thursday, February 22nd. Goldman Sachs started coverage on shares of Spectris in a research report on Friday, April 6th. They set a “buy” rating and a GBX 3,000 ($41.84) price target on the stock. Morgan Stanley increased their price target on shares of Spectris from GBX 2,870 ($40.03) to GBX 2,890 ($40.31) and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. Finally, Deutsche Bank increased their price target on shares of Spectris from GBX 2,860 ($39.89) to GBX 2,960 ($41.28) and gave the stock a “buy” rating in a research report on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 2,809.17 ($39.18).
Shares of SXS opened at GBX 2,684 ($37.43) on Wednesday. Spectris has a 12 month low of GBX 2,225 ($31.03) and a 12 month high of GBX 2,869 ($40.01).
Spectris (LON:SXS) last announced its earnings results on Monday, February 19th. The company reported GBX 145.10 ($2.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 133.40 ($1.86) by GBX 11.70 ($0.16). Spectris had a net margin of 25.86% and a return on equity of 37.36%. The company had revenue of GBX 152.56 billion for the quarter.
In other Spectris news, insider John O’Higgins sold 2,837 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of GBX 2,701 ($37.67), for a total value of £76,627.37 ($106,872.20).
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.
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