Rating Coverage: Is Spectris PLC (LON:SXS) Worth Your Time After Placed Numis’s Downgrade?

November 23, 2016 - By Marie Mckinney

Spectris PLC (LON:SXS) Downgrade

Numis was decreased to Reduce and currently has GBX 1835.00 target price on Spectris PLC (LON:SXS)‘s stock. This was sent to investors and clients in an analyst report on Wednesday, 23 November.

Spectris plc (LON:SXS) Ratings Coverage

Out of 18 analysts covering Spectris PLC (LON:SXS), 7 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 39% are positive. GBX 2650 is the highest target while GBX 1600 is the lowest. The GBX 1943.41 average target is -5.52% below today’s (GBX 2057) stock price. Spectris PLC has been the topic of 99 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Tuesday, October 20 by Canaccord Genuity. On Monday, November 23 the stock rating was maintained by JP Morgan with “Neutral”. The rating was maintained by BNP Paribas on Monday, September 21 with “Outperform”. Credit Suisse maintained it with “Outperform” rating and GBX 1955 target price in Friday, October 30 report. Barclays Capital maintained the shares of SXS in a report on Monday, November 23 with “Overweight” rating. On Friday, September 2 the stock rating was maintained by Shore Capital with “Buy”. The stock of Spectris plc (LON:SXS) has “Outperform” rating given on Friday, July 29 by BNP Paribas. The stock of Spectris plc (LON:SXS) has “Neutral” rating given on Monday, May 23 by JP Morgan. The rating was maintained by Liberum Capital with “Buy” on Friday, September 2. The firm has “Buy” rating given on Monday, July 25 by Shore Capital.

About 75,567 shares traded hands. Spectris plc (LON:SXS) has risen 9.65% since April 25, 2016 and is uptrending. It has outperformed by 4.32% the S&P500.

Spectris plc is a supplier of making measuring instruments and controls. The company has a market cap of 2.45 billion GBP. The Firm operates through four divisions: Materials Analysis, Test and Measurement, In-Line Instrumentation and Industrial Controls. It has a 23.55 P/E ratio. The Materials Analysis segment provides services and products that determine structure, composition, quantity and quality of particles and materials, during research and product development processes.

Another recent and important Spectris plc (LON:SXS) news was published by Prnewswire.com which published an article titled: “Spectris plc Announces Acquisition of ESG Solutions” on December 16, 2014.

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