Spectris’ (SXS) “Overweight” Rating Reiterated at Barclays

Spectris (LON:SXS)‘s stock had its “overweight” rating reissued by stock analysts at Barclays in a note issued to investors on Friday, Marketbeat.com reports. They currently have a GBX 4,250 ($53.39) price target on the stock. Barclays‘s price objective indicates a potential upside of 28.87% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Berenberg Bank decreased their target price on shares of Spectris from GBX 3,780 ($47.48) to GBX 3,520 ($44.22) and set a “hold” rating for the company in a research report on Friday, March 1st. Stifel Nicolaus lowered shares of Spectris to a “sell” rating and set a GBX 8,500 ($106.77) target price on the stock. in a research note on Friday, March 8th. Numis Securities restated a “buy” rating and set a GBX 4,435 ($55.71) target price on shares of Spectris in a research report on Thursday, April 11th. Finally, Shore Capital downgraded Spectris to a “sell” rating in a report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 6,078.33 ($76.35).

Spectris Stock Performance

SXS traded up GBX 90 ($1.13) during trading on Friday, reaching GBX 3,298 ($41.43). The company’s stock had a trading volume of 80,265 shares, compared to its average volume of 238,222. The company’s fifty day moving average price is GBX 3,310.33 and its 200-day moving average price is GBX 3,417.43. Spectris has a 52-week low of GBX 2,917 ($36.64) and a 52-week high of GBX 3,883.85 ($48.79). The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.03 and a current ratio of 1.89. The company has a market capitalization of £3.32 billion, a price-to-earnings ratio of 2,317.14, a price-to-earnings-growth ratio of 2.74 and a beta of 0.72.

Insider Transactions at Spectris

In related news, insider Derek Harding sold 1,909 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of GBX 3,201 ($40.21), for a total transaction of £61,107.09 ($76,758.06). Corporate insiders own 1.28% of the company’s stock.

About Spectris

Spectris plc provides precision measurement solutions worldwide. It operates through Spectris Scientific, Spectris Dynamics, and Other segments. The Spectris Scientific segment provides advanced sensors and instruments used to measure, analyze, and characterize materials; and monitor ultra-clean manufacturing environments.