Spectris plc (SXS) Stock Rating Reaffirmed by Numis Securities Ltd
Spectris plc (LON:SXS)‘s stock had its “sell” rating reaffirmed by research analysts at Numis Securities Ltd in a research report issued on Wednesday. They currently have a GBX 1,900 ($23.74) price objective on the stock. Numis Securities Ltd’s price target points to a potential downside of 23.23% from the stock’s previous close.
Several other research analysts have also commented on the company. Deutsche Bank AG boosted their price objective on Spectris plc from GBX 2,184 ($27.29) to GBX 2,795 ($34.93) and gave the stock a “buy” rating in a report on Wednesday, January 18th. HSBC Holdings plc reissued a “reduce” rating and set a GBX 1,700 ($21.24) price objective on shares of Spectris plc in a report on Monday, December 5th. Bank of America Corporation raised Spectris plc to a “buy” rating and boosted their price objective for the stock from GBX 1,900 ($23.74) to GBX 2,600 ($32.49) in a report on Wednesday, January 11th. Barclays PLC reissued an “overweight” rating and set a GBX 2,550 ($31.87) price objective on shares of Spectris plc in a report on Wednesday, November 23rd. Finally, J P Morgan Chase & Co boosted their price objective on Spectris plc from GBX 1,925 ($24.06) to GBX 1,968 ($24.59) and gave the stock a “neutral” rating in a report on Wednesday, November 23rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 2,232.69 ($27.90).
Spectris plc (LON:SXS) opened at 2475.00 on Wednesday. The company has a 50-day moving average of GBX 2,405.43 and a 200-day moving average of GBX 2,142.94. Spectris plc has a one year low of GBX 1,604.32 and a one year high of GBX 2,551.00. The company’s market cap is GBX 2.95 billion.
The company also recently announced a dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, May 25th will be paid a GBX 34 ($0.42) dividend. The ex-dividend date is Thursday, May 25th. This represents a yield of 1.37%. This is a positive change from Spectris plc’s previous dividend of $18.00.
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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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