Spectris’ Q3 update confirmed a LFL sales decline of 1% and worsening conditions through the four months to the end of October, in common with many other groups in the sector. Updated guidance is for 2015 adjusted operating profit towards the bottom of the range of c.£179-196m. We have reduced our 2015 operating profit forecast by 14% to £180.5m, with larger reductions for the following years, and our target price from 2070p to 1770p. However recent share price weakness means there is modest ups ....
26 Nov 2015
Forecasts reduced, but move to Hold
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Forecasts reduced, but move to Hold
Spectris plc (SXS:LON) | 3,316 0 0.0% | Mkt Cap: 3,339m
- Published:
26 Nov 2015 -
Author:
Jo Reedman -
Pages:
5
Spectris’ Q3 update confirmed a LFL sales decline of 1% and worsening conditions through the four months to the end of October, in common with many other groups in the sector. Updated guidance is for 2015 adjusted operating profit towards the bottom of the range of c.£179-196m. We have reduced our 2015 operating profit forecast by 14% to £180.5m, with larger reductions for the following years, and our target price from 2070p to 1770p. However recent share price weakness means there is modest ups ....