Berenberg Bank Has Lowered Expectations for Spectris (LON:SXS) Stock Price

Spectris (LON:SXS) had its target price reduced by Berenberg Bank from GBX 3,180 ($41.17) to GBX 3,000 ($38.84) in a research note issued on Monday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 19.62% from the stock’s current price.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Spectris in a research report on Thursday, January 23rd. Six analysts have rated the stock with a buy rating, According to MarketBeat, Spectris presently has an average rating of “Buy” and a consensus target price of GBX 3,765 ($48.74).

Spectris Stock Up 2.6 %

LON SXS traded up GBX 64 ($0.83) on Monday, reaching GBX 2,508 ($32.47). The stock had a trading volume of 37,780 shares, compared to its average volume of 1,422,561. The company has a market capitalization of £2.50 billion, a price-to-earnings ratio of 9.29, a P/E/G ratio of 2.74 and a beta of 0.61. The business has a 50 day moving average price of GBX 2,796.82 and a 200 day moving average price of GBX 2,681.49. Spectris has a 1 year low of GBX 2,370 ($30.68) and a 1 year high of GBX 3,430 ($44.41). The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37.

Spectris (LON:SXS) last issued its quarterly earnings data on Friday, February 28th. The company reported GBX 148.10 ($1.92) earnings per share (EPS) for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. On average, analysts forecast that Spectris will post 194.7972456 EPS for the current fiscal year.

About Spectris

The experts in providing insight through precision measurement.

Our purpose is to deliver value beyond measure – going beyond just the measurement.

Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software.

Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently.

This equips them with the ability to reduce time to market, improve processes, quality and yield.