Berenberg Bank Trims Spectris (OTCMKTS:SEPJF) Target Price to GBX 3,835

Spectris (OTCMKTS:SEPJF – Get Rating) had its target price reduced by research analysts at Berenberg Bank from GBX 4,380 ($56.99) to GBX 3,835 ($49.90) in a research report issued to clients and investors on Friday, The Fly reports.

A number of other analysts have also commented on SEPJF. Morgan Stanley decreased their price objective on Spectris from GBX 3,150 ($40.98) to GBX 3,000 ($39.03) in a research note on Friday, February 25th. Peel Hunt upgraded Spectris to a “buy” rating in a report on Tuesday, February 22nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $3,417.50.

Shares of SEPJF traded up $1.14 during trading hours on Friday, reaching $36.40. 268 shares of the company traded hands, compared to its average volume of 704. Spectris has a fifty-two week low of $31.48 and a fifty-two week high of $55.28. The stock has a fifty day simple moving average of $35.77 and a 200 day simple moving average of $43.58.

Spectris Company Profile (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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