Rating Worth Watching: JP Morgan Cazenove Maintains a “Neutral” Rating on Spectris PLC (LON:SXS) and GBX 1968.00 Target

November 23, 2016 - By Vivian Park

Spectris PLC (LON:SXS) Rating

They currently have a GBX 1968.00 target on Spectris PLC (LON:SXS). JP Morgan Cazenove’s target would suggest a potential downside of -4.05% from the company’s current price. This was disclosed in an analyst report on 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 -5.43% below today’s (GBX 2055) stock price. Spectris PLC has been the topic of 99 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Wednesday, February 17 by Barclays Capital. Numis Securities upgraded Spectris plc (LON:SXS) rating on Wednesday, February 17. Numis Securities has “Add” rating and GBX 1835 price target. On Wednesday, February 17 the stock rating was upgraded by JP Morgan to “Overweight”. Canaccord Genuity maintained the shares of SXS in a report on Friday, November 20 with “Hold” rating. Credit Suisse maintained the shares of SXS in a report on Friday, October 30 with “Outperform” rating. The stock of Spectris plc (LON:SXS) earned “Hold” rating by Deutsche Bank on Friday, February 19. The stock of Spectris plc (LON:SXS) earned “Add” rating by Numis Securities on Monday, May 23. The firm has “Overweight” rating given on Friday, August 5 by Morgan Stanley. The stock of Spectris plc (LON:SXS) earned “Buy” rating by Goldman Sachs on Thursday, November 19. The rating was maintained by JP Morgan with “Neutral” on Wednesday, November 23.

About 42,790 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 23.52 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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