Spectris plc (LON:SXS – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 2,754 ($34.99) and last traded at GBX 2,944 ($37.41), with a volume of 1865077 shares changing hands. The stock had previously closed at GBX 3,208 ($40.76).
Analysts Set New Price Targets
SXS has been the subject of several analyst reports. Berenberg Bank reduced their price objective on Spectris from GBX 3,780 ($48.03) to GBX 3,520 ($44.73) and set a “hold” rating for the company in a research note on Friday, March 1st. Shore Capital reaffirmed a “sell” rating on shares of Spectris in a research note on Wednesday. Barclays reaffirmed an “overweight” rating and set a GBX 4,250 ($54.00) price objective on shares of Spectris in a research note on Friday, May 3rd. Stifel Nicolaus downgraded Spectris to a “sell” rating and set a GBX 8,500 ($108.01) price objective for the company. in a research note on Friday, March 8th. Finally, Numis Securities reaffirmed a “buy” rating and set a GBX 4,435 ($56.35) price objective on shares of Spectris in a research note on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 6,441 ($81.84).
Check Out Our Latest Analysis on SXS
Spectris Trading Down 0.2 %
Insider Transactions at Spectris
In other news, insider Derek Harding sold 1,909 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of GBX 3,201 ($40.67), for a total transaction of £61,107.09 ($77,645.60). In other news, insider Derek Harding sold 1,909 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of GBX 3,201 ($40.67), for a total transaction of £61,107.09 ($77,645.60). Also, insider Alison Henwood bought 1,053 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were acquired at an average cost of GBX 3,266 ($41.50) per share, with a total value of £34,390.98 ($43,698.83). In the last three months, insiders acquired 1,061 shares of company stock valued at $3,465,350. Corporate insiders own 1.23% of the company’s stock.
About Spectris
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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