Spectris (LON:SXS) Stock Rating Reaffirmed by Shore Capital

Shore Capital reiterated their sell rating on shares of Spectris (LON:SXSFree Report) in a research note released on Wednesday, MarketBeat reports.

Several other research firms have also issued reports on SXS. Berenberg Bank reduced their target price on shares of Spectris from GBX 3,780 ($48.03) to GBX 3,520 ($44.73) and set a hold rating for the company in a research note on Friday, March 1st. Numis Securities reaffirmed a buy rating and set a GBX 4,435 ($56.35) price objective on shares of Spectris in a report on Thursday, April 11th. Barclays reaffirmed an overweight rating and set a GBX 4,250 ($54.00) price objective on shares of Spectris in a report on Friday, May 3rd. Finally, Stifel Nicolaus downgraded shares of Spectris to a sell rating and set a GBX 8,500 ($108.01) price objective on the stock. in a report on Friday, March 8th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of GBX 6,441 ($81.84).

Check Out Our Latest Report on SXS

Spectris Stock Performance

Shares of SXS stock opened at GBX 2,902 ($36.87) on Wednesday. The firm has a market capitalization of £2.92 billion, a PE ratio of 2,087.77, a price-to-earnings-growth ratio of 2.74 and a beta of 0.69. The firm has a fifty day simple moving average of GBX 3,234.53 and a two-hundred day simple moving average of GBX 3,421.17. The company has a current ratio of 1.89, a quick ratio of 1.03 and a debt-to-equity ratio of 4.76. Spectris has a 12 month low of GBX 2,750 ($34.94) and a 12 month high of GBX 3,861 ($49.06).

Insider Activity at Spectris

In related news, insider Alison Henwood acquired 1,053 shares of the stock in a transaction on Friday, May 24th. The stock was acquired at an average price of GBX 3,266 ($41.50) per share, for a total transaction of £34,390.98 ($43,698.83). In related news, insider Alison Henwood acquired 1,053 shares of the stock in a transaction on Friday, May 24th. The stock was acquired at an average price of GBX 3,266 ($41.50) per share, for a total transaction of £34,390.98 ($43,698.83). Also, insider Derek Harding sold 1,909 shares of Spectris stock in a transaction on Friday, April 5th. The shares were sold at an average price of GBX 3,201 ($40.67), for a total value of £61,107.09 ($77,645.60). Insiders purchased a total of 1,061 shares of company stock valued at $3,465,350 in the last 90 days. Corporate insiders own 1.23% of the company’s stock.

About Spectris

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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.

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Analyst Recommendations for Spectris (LON:SXS)

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