Morgan Stanley Trims Spectris (SXS) Target Price to GBX 3,000

Spectris (LON:SXS) had its price target dropped by investment analysts at Morgan Stanley from GBX 3,170 ($41.04) to GBX 3,000 ($38.83) in a note issued to investors on Wednesday, July 25th. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 24.64% from the stock’s previous close.

Several other analysts have also recently issued reports on SXS. Deutsche Bank restated a “buy” rating on shares of Spectris in a report on Tuesday, May 29th. Peel Hunt restated a “hold” rating on shares of Spectris in a report on Tuesday, July 24th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 2,800 ($36.25) price target on shares of Spectris in a research note on Wednesday, May 2nd. Deutsche Bank reaffirmed a “buy” rating on shares of Spectris in a research note on Tuesday, May 29th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Spectris in a research note on Monday, June 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 2,769.23 ($35.85).

LON:SXS traded down GBX 52 ($0.67) during trading hours on Wednesday, hitting GBX 2,407 ($31.16). The company had a trading volume of 887,327 shares, compared to its average volume of 390,769. Spectris has a 1 year low of GBX 2,225 ($28.80) and a 1 year high of GBX 2,869 ($37.14).

Spectris (LON:SXS) last issued its earnings results on Tuesday, July 24th. The company reported GBX 46.10 ($0.60) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 51.80 ($0.67) by GBX (5.70) (($0.07)). Spectris had a net margin of 25.86% and a return on equity of 37.36%.

In other news, insider Ulf Quellmann bought 388 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were purchased at an average price of GBX 2,423 ($31.37) per share, with a total value of £9,401.24 ($12,169.89). Also, insider Clive Watson sold 1,007 shares of the stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of GBX 2,836 ($36.71), for a total value of £28,558.52 ($36,968.96).

Spectris Company Profile

Spectris plc manufactures and sells measuring instruments and controls worldwide. It operates through four segments: Materials Analysis, Test and Measurement, In-line Instrumentation, and Industrial Controls. The Materials Analysis segment provides products and services, which enable customers to determine structure, composition, quantity, and quality of particles and materials during their research and development processes, when assessing materials before production, or during the manufacturing process.

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Analyst Recommendations for Spectris (LON:SXS)

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