Spectris PT Raised to $38.08 (SXS)
Spectris (LON: SXS) had its price target raised by Barclays Capital from $31.51 (2110 GBX) to $38.08 (2550 GBX) in a research report sent to investors on Friday morning. The firm currently has an overweight rating on the stock.
Shares of Spectris traded up 1.75% during mid-day trading on Friday, hitting GBX 2380.00. Spectris has a one year low of GBX 1423.00 and a one year high of GBX 2509.00. The stock’s 50-day moving average is currently GBX 1763.. The company’s market cap is £2.795 billion.
A number of other firms have also recently commented on SXS. Analysts at Citigroup raised their price target on shares of Spectris from $32.34 to $36.46 in a research note to investors on Monday, February 25th. They now have a neutral rating on the stock. Separately, analysts at N+1 Singer raised their price target on shares of Spectris from $32.56 to $36.83 in a research note to investors on Friday, February 22nd. They now have a hold rating on the stock. Finally, analysts at Investec raised their price target on shares of Spectris from $36.60 to $39.27 in a research note to investors on Friday, February 22nd. They now have a hold rating on the stock.
Spectris plc designs, develops and markets instrumentation and controls. It operates in four segments: Materials Analysis provides a range of analytical instrumentation to the metals and mining, pharmaceutical and chemicals, and electronics industries, and also to academic and research institutions; Test and Measurement supplies test, measurement and analysis equipment and software for product design optimization, manufacturing control and environmental monitoring systems; In-line Instrumentation provides process analytical measurement, asset monitoring and on-line controls for both primary processing and the converting industries, and Industrial Controls supplies process measurement, monitoring and control instrumentation and networking products for manufacturing industries.
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