Spectris PLC (LON:SXS) May Have Just Reached An Inflection Point; Peel Hunt Downgrades Shares

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Spectris PLC (LON:SXS) Receives a Downgrade

Peel Hunt downgraded their rating for shares of Spectris PLC (LON:SXS) stock to a solid Reduce. This change was revealed to clients in a note earlier today. The financial firm presently now has a GBX 1600.00 Estimated Target Price on firm.

From a total of 17 analysts covering Spectris PLC (LON:SXS) stock, 7 rate it a ”Buy”, 2 a “Sell”, and 8 a ”Hold”. This means that 41% of the ratings are positive. The highest target price is GBX 2650 while the lowest target price is GBX 1600. The mean of all analyst targets is GBX 1937.94 with a 10.99% above today’s (GBX 1746) stock price. Spectris PLC was the topic of 46 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Peel Hunt downgraded shares on November 27 to “Reduce” rating. JP Morgan maintained shares with “Neutral” rating and GBX 1765 target share price in a report from a November 23. Credit Suisse maintained SXS stock in a recent report from November 25 with “Outperform” rating. Numis Securities maintained the rating on November 23. Numis Securities has a “Hold” rating and a GBX 1835 price target on shares. Finally, Investec maintained the stock with “Hold” rating in a report issued on a November 23.

The stock decreased 0.34% or GBX 6 on November 27, striking GBX 1746. Approximately 142,502 shares of stock traded hands. Spectris plc (LON:SXS) has declined 19.50% since May 1, 2015 and is downtrending. It has underperformed by 18.61% the S&P500.

 Spectris PLC (LON:SXS) May Have Just Reached An Inflection Point; Peel Hunt Downgrades Shares

Spectris plc is a United Kingdom-based firm engaged in making measuring instruments and controls. The company has a market cap of 2.08 billion GBP. The Firm comprises four business divisions: Materials Analysis, Test and Measurement, In-Line Instrumentation and Industrial Controls. It has 16.15 P/E ratio. Materials Analysis provides services and products that determine structure, composition, quantity and quality of particles and materials, during research and product development processes.

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