Spectris plc (LON:SXS – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 2,370 ($30.74) and last traded at GBX 2,516 ($32.63), with a volume of 1640031 shares changing hands. The stock had previously closed at GBX 2,574 ($33.38).
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on SXS shares. Bank of America reaffirmed a “buy” rating and set a GBX 2,950 ($38.26) target price on shares of Spectris in a research report on Monday, September 2nd. Berenberg Bank upgraded Spectris to a “buy” rating and raised their price objective for the stock from GBX 3,520 ($45.65) to GBX 3,920 ($50.84) in a report on Wednesday, July 24th. Shore Capital upgraded Spectris to a “buy” rating in a report on Monday, September 9th. Finally, Jefferies Financial Group dropped their price target on Spectris from GBX 4,435 ($57.52) to GBX 4,190 ($54.34) and set a “buy” rating on the stock in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to data from MarketBeat, Spectris has an average rating of “Moderate Buy” and a consensus target price of GBX 4,707.50 ($61.05).
Check Out Our Latest Stock Report on Spectris
Spectris Stock Performance
Insiders Place Their Bets
In related news, insider Mark Williamson purchased 706 shares of Spectris stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of GBX 2,832 ($36.73) per share, with a total value of £19,993.92 ($25,929.09). Insiders have bought 716 shares of company stock valued at $2,028,097 over the last ninety days. Company insiders own 1.21% 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.
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