Spectris (SXS) Rating Reiterated by Peel Hunt

Spectris (LON:SXS)‘s stock had its “add” rating reissued by stock analysts at Peel Hunt in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

A number of other research analysts have also issued reports on the stock. Deutsche Bank reiterated a “buy” rating on shares of Spectris in a research note on Monday, April 15th. UBS Group reissued a “sell” rating on shares of Spectris in a report on Monday, February 18th. BNP Paribas decreased their price objective on shares of Spectris from GBX 2,550 ($33.32) to GBX 2,350 ($30.71) and set an “outperform” rating on the stock in a report on Friday, January 25th. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,195 ($41.75) price objective on shares of Spectris in a report on Tuesday, February 19th. Finally, HSBC boosted their price objective on shares of Spectris from GBX 2,250 ($29.40) to GBX 2,600 ($33.97) and gave the stock a “hold” rating in a report on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 2,708.93 ($35.40).

Shares of Spectris stock opened at GBX 2,521 ($32.94) on Friday. Spectris has a 52-week low of GBX 1,924.50 ($25.15) and a 52-week high of GBX 2,957 ($38.64). The company has a current ratio of 1.60, a quick ratio of 1.03 and a debt-to-equity ratio of 30.03. The stock has a market cap of $2.89 billion and a PE ratio of 16.07.

Spectris (LON:SXS) last issued its quarterly earnings results on Tuesday, February 19th. The company reported GBX 164.90 ($2.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 155.20 ($2.03) by GBX 9.70 ($0.13). Equities analysts anticipate that Spectris will post 17118.000214174 earnings per share for the current fiscal year.

In other Spectris news, insider Derek Harding purchased 4,000 shares of Spectris stock in a transaction on Friday, March 1st. The shares were bought at an average price of GBX 2,658 ($34.73) per share, with a total value of £106,320 ($138,925.91). Also, insider Clive Watson sold 8,504 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of GBX 2,742 ($35.83), for a total transaction of £233,179.68 ($304,690.55).

Spectris Company Profile

Spectris plc manufactures and sells measuring instruments and controls worldwide. It operates through four segments: Materials Analysis, Test and Measurement, In-line Instrumentation, and Industrial Controls. The Materials Analysis segment provides products and services, which enable customers to determine structure, composition, quantity, and quality of particles and materials during their research and development processes, when assessing materials before production, or during the manufacturing process.

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Analyst Recommendations for Spectris (LON:SXS)

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