JPMorgan Chase & Co. Lowers Spectris (LON:SXS) to Neutral

JPMorgan Chase & Co. cut shares of Spectris (LON:SXS) to a neutral rating in a research note issued to investors on Monday morning, Stock Target Advisor reports.

Several other equities analysts also recently commented on the company. UBS Group reiterated a sell rating on shares of Spectris in a research report on Friday, October 11th. Peel Hunt reiterated an add rating on shares of Spectris in a research report on Tuesday, November 19th. Shore Capital reiterated a hold rating on shares of Spectris in a research report on Tuesday, November 19th. Berenberg Bank reiterated a sell rating and issued a GBX 2,065 ($27.16) target price on shares of Spectris in a research report on Monday, December 2nd. Finally, Bank of America upgraded Spectris to a neutral rating and dropped their target price for the company from GBX 2,600 ($34.20) to GBX 2,500 ($32.89) in a research report on Friday, October 11th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 2,628 ($34.57).

Spectris stock opened at GBX 2,972 ($39.09) on Monday. The company has a current ratio of 1.55, a quick ratio of 0.99 and a debt-to-equity ratio of 33.78. The company has a market capitalization of $3.28 billion and a PE ratio of 71.96. Spectris has a 12 month low of GBX 2,143 ($28.19) and a 12 month high of GBX 2,932 ($38.57). The stock has a 50-day moving average price of GBX 2,650.82 and a two-hundred day moving average price of GBX 2,550.48.

About Spectris

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: Derivative

Analyst Recommendations for Spectris (LON:SXS)

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