Spectris plc (SXS) Earns Hold Rating from HSBC Holdings plc
HSBC Holdings plc reaffirmed their hold rating on shares of Spectris plc (LON:SXS) in a research note published on Friday morning. The brokerage currently has a GBX 2,500 ($33.62) target price on the stock.
Other equities analysts have also issued research reports about the company. Peel Hunt restated a hold rating and issued a GBX 2,585 ($34.76) price target on shares of Spectris plc in a research note on Wednesday, August 30th. Liberum Capital reaffirmed a buy rating and issued a GBX 2,830 ($38.06) price target on shares of Spectris plc in a report on Thursday, July 27th. Barclays PLC dropped their price objective on Spectris plc from GBX 2,900 ($39.00) to GBX 2,710 ($36.44) and set an overweight rating on the stock in a report on Thursday, August 17th. Deutsche Bank AG restated a buy rating and issued a GBX 2,860 ($38.46) price objective on shares of Spectris plc in a research report on Monday, August 7th. Finally, Morgan Stanley boosted their price objective on Spectris plc from GBX 2,840 ($38.19) to GBX 2,860 ($38.46) and gave the company an overweight rating in a research report on Thursday, September 21st. Two research 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. Spectris plc has an average rating of Hold and an average target price of GBX 2,605 ($35.03).
Shares of Spectris plc (LON:SXS) opened at 2437.00 on Friday. The stock’s market cap is GBX 2.90 billion. Spectris plc has a 52-week low of GBX 1,945.00 and a 52-week high of GBX 2,869.00. The company’s 50 day moving average price is GBX 2,385.68 and its 200 day moving average price is GBX 2,542.15.
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The firm also recently disclosed a dividend, which will be paid on Friday, November 10th. Investors of record on Thursday, October 12th will be issued a GBX 19 ($0.26) dividend. This represents a yield of 0.78%. The ex-dividend date is Thursday, October 12th.
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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