Spectris (LON:SXS) Price Target Cut to GBX 4,190

Spectris (LON:SXS) had its price objective dropped by stock analysts at Jefferies Financial Group from GBX 4,435 ($56.81) to GBX 4,190 ($53.67) in a report issued on Friday, LSE.Co.UK reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 37.20% from the company’s previous close.

Several other research firms have also recently commented on SXS. Barclays reissued an “overweight” rating and set a GBX 4,250 ($54.44) target price on shares of Spectris in a research note on Friday, May 3rd. Shore Capital reissued a “hold” rating on shares of Spectris in a report on Thursday, July 4th. Finally, Numis Securities restated a “buy” rating and issued a GBX 4,435 ($56.81) target price on shares of Spectris in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 6,065.83 ($77.70).

Spectris Stock Performance

Shares of Spectris stock traded down GBX 10 ($0.13) during trading on Friday, hitting GBX 3,054 ($39.12). 158,756 shares of the stock were exchanged, compared to its average volume of 253,445. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.03 and a current ratio of 1.89. Spectris has a 12 month low of GBX 2,728 ($34.94) and a 12 month high of GBX 3,861 ($49.46). The stock’s fifty day moving average is GBX 3,130.72 and its 200 day moving average is GBX 3,346.30. The stock has a market cap of £3.07 billion, a PE ratio of 2,197.12, a P/E/G ratio of 2.74 and a beta of 0.69.

Insider Activity at Spectris

In other news, insider Alison Henwood purchased 1,053 shares of Spectris stock in a transaction dated Friday, May 24th. The stock was acquired at an average cost of GBX 3,266 ($41.83) per share, for a total transaction of £34,390.98 ($44,051.47). Over the last 90 days, insiders bought 1,061 shares of company stock valued at $3,465,350. Insiders own 1.23% of the company’s stock.

Spectris Company Profile

Spectris plc provides precision measurement solutions worldwide. It operates through Spectris Scientific, Spectris Dynamics, and Other segments. The Spectris Scientific segment provides advanced sensors and instruments used to measure, analyze, and characterize materials; and monitor ultra-clean manufacturing environments.