Spectris’ (SXS) Buy Rating Reiterated at Bank of America

Bank of America reaffirmed their buy rating on shares of Spectris (LON:SXS) in a report released on Tuesday morning. They currently have a GBX 2,800 ($36.59) price target on the stock.

SXS has been the topic of several other research reports. Shore Capital reaffirmed a hold rating on shares of Spectris in a research note on Tuesday, November 20th. Peel Hunt reaffirmed an add rating on shares of Spectris in a research note on Tuesday, November 20th. BNP Paribas raised shares of Spectris to an outperform rating and lifted their price objective for the stock from GBX 2,550 ($33.32) to GBX 2,700 ($35.28) in a research note on Tuesday, September 18th. Morgan Stanley lowered their price objective on shares of Spectris from GBX 2,850 ($37.24) to GBX 2,800 ($36.59) and set an overweight rating on the stock in a research note on Wednesday, December 5th. Finally, HSBC dropped their target price on shares of Spectris from GBX 2,750 ($35.93) to GBX 2,250 ($29.40) and set a hold rating on the stock in a research report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. Spectris presently has a consensus rating of Hold and a consensus target price of GBX 2,752.86 ($35.97).

Shares of SXS opened at GBX 2,420 ($31.62) on Tuesday. Spectris has a 12-month low of GBX 2,225 ($29.07) and a 12-month high of GBX 2,869 ($37.49).

In related news, insider Karim Bitar purchased 680 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The stock was acquired at an average cost of GBX 2,203 ($28.79) per share, for a total transaction of £14,980.40 ($19,574.55).

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.

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Analyst Recommendations for Spectris (LON:SXS)

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