Spectris (LON:SXS) PT Lowered to GBX 3,835 at Berenberg Bank

Spectris (LON:SXS – Get Rating) had its target price lowered by equities research analysts at Berenberg Bank from GBX 4,380 ($56.99) to GBX 3,835 ($49.90) in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 42.30% from the stock’s previous close.

A number of other equities research analysts have also commented on the stock. Shore Capital restated a “buy” rating on shares of Spectris in a report on Tuesday. Barclays restated an “overweight” rating and set a GBX 3,980 ($51.78) price objective on shares of Spectris in a research note on Thursday, March 3rd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 4,000 ($52.04) price target on shares of Spectris in a research note on Thursday, March 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 3,593 ($46.75).

Shares of SXS stock opened at GBX 2,695 ($35.06) on Wednesday. The firm’s 50 day moving average price is GBX 2,737.17 and its two-hundred day moving average price is GBX 3,313.42. The company has a debt-to-equity ratio of 3.11, a quick ratio of 1.61 and a current ratio of 2.13. The stock has a market cap of £2.99 billion and a PE ratio of 13.61. Spectris has a 52-week low of GBX 2,371 ($30.85) and a 52-week high of GBX 4,167 ($54.22).

In other Spectris news, insider Kjersti Wiklund purchased 1,500 shares of the company’s stock in a transaction dated Thursday, April 7th. The shares were acquired at an average price of GBX 2,495 ($32.46) per share, for a total transaction of £37,425 ($48,692.43). Also, insider Derek Harding bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, March 7th. The shares were purchased at an average cost of GBX 2,545 ($33.11) per share, with a total value of £101,800 ($132,448.61). Insiders have acquired a total of 5,504 shares of company stock worth $13,936,092 in the last 90 days.

About Spectris (Get Rating)

Spectris plc manufactures and sells measuring instruments and controls worldwide. It operates through Malvern Panalytical, HBK, Omega and Industrial Solutions segments. The Malvern Panalytical segment provides measurement and materials characterization and efficiency in R&D and manufacturing sectors.

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