Spectris plc (LON:SXS) Receives Consensus Recommendation of “Hold” from Brokerages
Spectris plc (LON:SXS) has received an average rating of “Hold” from the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 2,551.67 ($31.40).
SXS has been the subject of several recent research reports. Shore Capital restated a “sell” rating on shares of Spectris in a report on Friday, May 22nd. Barclays restated an “overweight” rating and set a GBX 2,940 ($36.18) target price on shares of Spectris in a report on Wednesday, May 27th. Goldman Sachs Group dropped their target price on shares of Spectris from GBX 2,140 ($26.34) to GBX 2,100 ($25.84) and set a “sell” rating for the company in a report on Friday, March 20th. Peel Hunt restated a “buy” rating on shares of Spectris in a report on Thursday, June 11th. Finally, Liberum Capital restated a “hold” rating on shares of Spectris in a report on Friday, May 22nd.
Shares of SXS traded up GBX 37 ($0.46) during trading hours on Tuesday, reaching GBX 2,590 ($31.87). The company had a trading volume of 245,701 shares, compared to its average volume of 390,769. The firm has a 50 day simple moving average of GBX 2,591.80 and a 200-day simple moving average of GBX 2,649.06. The company has a current ratio of 1.75, a quick ratio of 1.21 and a debt-to-equity ratio of 18.17. The company has a market capitalization of $3.01 billion and a price-to-earnings ratio of 12.85. Spectris has a 12-month low of GBX 2,058 ($25.33) and a 12-month high of GBX 3,072 ($37.80).
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.
Further Reading: Gross Domestic Product (GDP)
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