Spectris (LON:SXS) Upgraded to Buy by Berenberg Bank

Berenberg Bank upgraded shares of Spectris (LON:SXS) to a buy rating in a research note issued to investors on Wednesday, MarketBeat.com reports. Berenberg Bank currently has GBX 3,920 ($50.70) price objective on the stock, up from their prior price objective of GBX 3,520 ($45.53).

SXS has been the subject of a number of other reports. Numis Securities reissued a buy rating and issued a GBX 4,435 ($57.36) price objective on shares of Spectris in a research report on Thursday, April 11th. Jefferies Financial Group cut their price objective on shares of Spectris from GBX 4,435 ($57.36) to GBX 4,190 ($54.19) and set a buy rating for the company in a research report on Friday, July 12th. Shore Capital restated a hold rating on shares of Spectris in a research note on Tuesday, July 16th. Finally, Barclays reiterated an overweight rating and set a GBX 4,250 ($54.97) price target on shares of Spectris in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of GBX 6,132.50 ($79.31).

Spectris Stock Performance

Spectris stock traded down GBX 46 ($0.59) on Wednesday, reaching GBX 3,052 ($39.47). 261,744 shares of the stock were exchanged, compared to its average volume of 248,882. The company has a current ratio of 1.89, a quick ratio of 1.03 and a debt-to-equity ratio of 4.76. Spectris has a twelve month low of GBX 2,728 ($35.28) and a twelve month high of GBX 3,861 ($49.94). The firm has a fifty day moving average price of GBX 3,089.44 and a two-hundred day moving average price of GBX 3,302.88. The stock has a market cap of £3.07 billion, a PE ratio of 2,198.56, a PEG ratio of 2.74 and a beta of 0.69.

Insider Activity

In other news, insider Alison Henwood purchased 1,053 shares of Spectris stock in a transaction on Friday, May 24th. The shares were purchased at an average cost of GBX 3,266 ($42.24) per share, for a total transaction of £34,390.98 ($44,478.76). In the last quarter, insiders have bought 1,061 shares of company stock worth $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.