Spectris plc (SXS) Earns “Hold” Rating from HSBC Holdings plc
Spectris plc (LON:SXS)‘s stock had its “hold” rating restated by equities research analysts at HSBC Holdings plc in a note issued to investors on Friday. They currently have a GBX 2,500 ($33.62) target price on the stock. HSBC Holdings plc’s target price suggests a potential upside of 4.73% from the stock’s current price.
A number of other brokerages have also issued reports on SXS. Barclays PLC reaffirmed an “overweight” rating and set a GBX 2,900 ($39.00) target price on shares of Spectris plc in a research report on Monday, July 24th. Liberum Capital reissued a “buy” rating and issued a GBX 2,830 ($38.06) price objective on shares of Spectris plc in a report on Thursday, July 27th. BNP Paribas reissued a “neutral” rating and issued a GBX 2,600 ($34.97) price objective on shares of Spectris plc in a report on Tuesday, July 18th. Morgan Stanley boosted their price objective on Spectris plc from GBX 2,840 ($38.19) to GBX 2,860 ($38.46) and gave the company an “overweight” rating in a report on Thursday, September 21st. Finally, Peel Hunt reissued a “hold” rating and issued a GBX 2,585 ($34.76) price objective on shares of Spectris plc in a report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 2,605 ($35.03).
Shares of Spectris plc (LON:SXS) opened at 2390.00 on Friday. Spectris plc has a 12 month low of GBX 1,920.00 and a 12 month high of GBX 2,869.00. The company has a 50 day moving average price of GBX 2,385.68 and a 200-day moving average price of GBX 2,542.15. The firm’s market capitalization is GBX 2.85 billion.
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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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