Spectris’ (SXS) “Reduce” Rating Reaffirmed at Numis Securities
Spectris (LON:SXS)‘s stock had its “reduce” rating restated by equities research analysts at Numis Securities in a report issued on Wednesday. They presently have a GBX 2,100 ($29.01) price objective on the stock. Numis Securities’ price objective points to a potential downside of 17.19% from the company’s previous close.
A number of other research analysts have also recently commented on the company. Deutsche Bank reaffirmed a “buy” rating and set a GBX 2,860 ($39.51) target price on shares of Spectris in a research note on Monday, December 4th. Liberum Capital reissued a “buy” rating and issued a GBX 2,830 ($39.10) price objective on shares of Spectris in a research note on Tuesday, November 21st. Goldman Sachs Group initiated coverage on Spectris in a research note on Wednesday, December 13th. They issued a “buy” rating and a GBX 2,900 ($40.07) price objective on the stock. Shore Capital reissued a “buy” rating on shares of Spectris in a research note on Wednesday, October 18th. Finally, Barclays increased their price objective on Spectris from GBX 2,710 ($37.44) to GBX 2,750 ($37.99) and gave the stock an “overweight” rating in a research note on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 2,656.25 ($36.70).
Spectris (SXS) opened at GBX 2,536 ($35.04) on Wednesday. The company has a market capitalization of $3,020.00 and a P/E ratio of 28,177.78. Spectris has a 52 week low of GBX 2,225 ($30.74) and a 52 week high of GBX 2,869 ($39.64).
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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