Spectris’ (SXS) Buy Rating Reaffirmed at Shore Capital

Spectris (LON:SXS)‘s stock had its “buy” rating reaffirmed by research analysts at Shore Capital in a report released on Monday, February 19th.

Several other brokerages have also commented on SXS. Liberum Capital lifted their price target on shares of Spectris from GBX 2,830 ($39.10) to GBX 2,880 ($39.79) and gave the stock a “buy” rating in a research note on Friday, January 12th. Goldman Sachs Group initiated coverage on shares of Spectris in a research report on Wednesday, December 13th. They set a “buy” rating and a GBX 2,900 ($40.07) price objective on the stock. Numis Securities reissued a “reduce” rating and set a GBX 2,100 ($29.01) price objective on shares of Spectris in a research report on Wednesday, February 14th. JPMorgan Chase & Co. raised their price objective on shares of Spectris from GBX 2,800 ($38.68) to GBX 2,900 ($40.07) and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 2,585 ($35.71) price objective on shares of Spectris in a research report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Spectris currently has a consensus rating of “Buy” and a consensus price target of GBX 2,805.45 ($38.76).

Shares of Spectris (SXS) traded down GBX 3.70 ($0.05) during trading hours on Monday, reaching GBX 2,685.30 ($37.10). 332,930 shares of the company traded hands, compared to its average volume of 384,928. Spectris has a 12-month low of GBX 2,225 ($30.74) and a 12-month high of GBX 2,869 ($39.64). The firm has a market cap of $3,200.00 and a price-to-earnings ratio of 1,322.81.

Spectris (LON:SXS) last announced its quarterly earnings results on Monday, February 19th. The company reported GBX 145.10 ($2.00) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 133.40 ($1.84) by GBX 11.70 ($0.16). Spectris had a net margin of 25.86% and a return on equity of 37.36%. The firm had revenue of GBX 152.56 billion for the quarter.

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About Spectris

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.

Analyst Recommendations for Spectris (LON:SXS)

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