Spectris (LON:SXS) Receives “Buy” Rating from Shore Capital

Shore Capital reiterated their buy rating on shares of Spectris (LON:SXSGet Rating) in a report released on Monday morning, Marketbeat.com reports.

Several other equities analysts also recently commented on the stock. Berenberg Bank restated a buy rating and issued a GBX 3,835 ($46.99) price target on shares of Spectris in a research note on Wednesday, May 11th. Barclays restated an overweight rating and issued a GBX 3,650 ($44.72) price target on shares of Spectris in a research note on Wednesday, July 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Spectris has an average rating of Hold and an average target price of GBX 3,527 ($43.22).

Spectris Trading Down 2.2 %

SXS stock opened at GBX 2,869.31 ($35.16) on Monday. The company has a debt-to-equity ratio of 5.23, a quick ratio of 1.17 and a current ratio of 1.75. The company’s 50-day simple moving average is GBX 2,902.54 and its 200 day simple moving average is GBX 2,908.86. Spectris has a 52 week low of GBX 2,371 ($29.05) and a 52 week high of GBX 4,167 ($51.06). The company has a market capitalization of £3.04 billion and a PE ratio of 965.13.

Spectris Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 6th will be given a dividend of GBX 24.10 ($0.30) per share. The ex-dividend date is Thursday, October 6th. This represents a yield of 0.78%. Spectris’s dividend payout ratio is 22.86%.

About Spectris

(Get Rating)

Spectris plc manufactures and sells measuring instruments and controls worldwide. It operates through Malvern Panalytical, HBK, Omega and Industrial Solutions segments. The Malvern Panalytical segment provides measurement and materials characterization and efficiency in R&D and manufacturing sectors.

Featured Articles

Analyst Recommendations for Spectris (LON:SXS)

Want More Great Investing Ideas?

Receive News & Ratings for Spectris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectris and related companies with MarketBeat.com's FREE daily email newsletter.