Analysts Set Spectris plc (SXS) PT at $2,562.00

Shares of Spectris plc (LON:SXS) have been assigned an average recommendation of “Buy” from the twelve research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 2,562 ($32.64).

Several equities research analysts recently commented on SXS shares. Shore Capital restated a “buy” rating on shares of Spectris plc in a research report on Wednesday, May 17th. Liberum Capital reiterated a “buy” rating and issued a GBX 2,830 ($36.06) price target on shares of Spectris plc in a report on Wednesday, May 17th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 2,860 ($36.44) price target on shares of Spectris plc in a report on Wednesday, May 3rd. Jefferies Group LLC increased their price target on Spectris plc from GBX 2,810 ($35.80) to GBX 2,940 ($37.46) and gave the stock a “buy” rating in a report on Wednesday, May 31st. Finally, HSBC Holdings plc upgraded Spectris plc to a “hold” rating and increased their price target for the stock from GBX 1,700 ($21.66) to GBX 2,500 ($31.85) in a report on Thursday, April 6th.

In related news, insider Mark Williamson acquired 15,000 shares of the stock in a transaction dated Thursday, June 1st. The stock was purchased at an average cost of GBX 2,653 ($33.80) per share, with a total value of £397,950 ($507,007.26).

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Spectris plc (LON SXS) traded down 0.63% during trading on Monday, hitting GBX 2663.00. The stock had a trading volume of 165,669 shares. The stock has a 50 day moving average of GBX 2,669.46 and a 200 day moving average of GBX 2,497.84. Spectris plc has a one year low of GBX 1,647.00 and a one year high of GBX 2,869.00. The firm’s market capitalization is GBX 3.17 billion.

About Spectris plc

Spectris plc is a supplier of productivity-enhancing instruments and controls. It operates through four segments: Materials Analysis, Test and Measurement, In-Line Instrumentation and Industrial Controls. The Materials Analysis segment provides products and services that determine structure, composition, quantity and quality of particles and materials, during research and product development processes.

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