Peel Hunt Lowers Spectris (SXS) Price Target to GBX 2,500

Posted by Shane Hupp on Feb 12th, 2019 // No Comments

Spectris (LON:SXS) had its price objective trimmed by Peel Hunt from GBX 2,825 ($36.91) to GBX 2,500 ($32.67) in a research note published on Monday morning. The brokerage currently has an add rating on the stock.

A number of other analysts have also recently issued reports on SXS. JPMorgan Chase & Co. reissued an overweight rating on shares of Spectris in a research report on Thursday, February 7th. Morgan Stanley decreased their target price on Spectris from GBX 2,850 ($37.24) to GBX 2,800 ($36.59) and set an overweight rating for the company in a research report on Wednesday, December 5th. Bank of America reissued a buy rating and issued a GBX 2,800 ($36.59) target price on shares of Spectris in a research report on Tuesday, January 8th. Shore Capital reaffirmed a hold rating on shares of Spectris in a research note on Tuesday, January 15th. Finally, BNP Paribas reduced their price objective on Spectris from GBX 2,550 ($33.32) to GBX 2,350 ($30.71) and set an outperform rating for the company in a research note on Friday, January 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. Spectris has an average rating of Hold and an average price target of GBX 2,709.29 ($35.40).

Shares of LON SXS opened at GBX 2,613 ($34.14) on Monday. Spectris has a 52-week low of GBX 2,225 ($29.07) and a 52-week high of GBX 2,869 ($37.49).

In related news, insider Karim Bitar acquired 680 shares of Spectris stock in a transaction on Monday, December 17th. The stock was purchased at an average cost of GBX 2,203 ($28.79) per share, with a total value of £14,980.40 ($19,574.55). Over the last ninety days, insiders have acquired 692 shares of company stock valued at $1,526,847.

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.