Spectris (SXS) PT Lowered to GBX 2,500

Spectris (LON:SXS) had its target price cut by Peel Hunt from GBX 2,825 ($36.91) to GBX 2,500 ($32.67) in a report published on Monday morning. They currently have an add rating on the stock.

Several other research firms have also weighed in on SXS. HSBC lowered their price target on Spectris from GBX 2,750 ($35.93) to GBX 2,250 ($29.40) and set a hold rating on the stock in a research report on Tuesday, October 30th. Bank of America raised Spectris to a buy rating in a research report on Monday, October 15th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Spectris in a research report on Thursday, February 7th. BNP Paribas lowered their price target on Spectris from GBX 2,550 ($33.32) to GBX 2,350 ($30.71) and set an outperform rating on the stock in a research report on Friday, January 25th. Finally, Morgan Stanley lowered their price target on Spectris from GBX 2,850 ($37.24) to GBX 2,800 ($36.59) and set an overweight rating on the stock in a research report on Wednesday, December 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 2,709.29 ($35.40).

LON:SXS opened at GBX 2,637 ($34.46) on Monday. Spectris has a twelve month low of GBX 2,225 ($29.07) and a twelve month high of GBX 2,869 ($37.49).

In other Spectris news, insider Karim Bitar bought 680 shares of Spectris stock in a transaction dated Monday, December 17th. The stock was bought at an average cost of GBX 2,203 ($28.79) per share, for a total transaction of £14,980.40 ($19,574.55). Insiders have bought a total of 692 shares of company stock valued at $1,526,847 over the last quarter.

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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Analyst Recommendations for Spectris (LON:SXS)

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