Spectris (LON:SXS) Hits New 12-Month High at $3,883.85

Spectris plc (LON:SXS – Get Rating) shares hit a new 52-week high during trading on Friday . The stock traded as high as GBX 3,883.85 ($48.65) and last traded at GBX 3,841.65 ($48.12), with a volume of 30313 shares trading hands. The stock had previously closed at GBX 3,811 ($47.74).

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SXS shares. Berenberg Bank lifted their price target on Spectris from GBX 3,470 ($43.47) to GBX 3,870 ($48.48) and gave the company a “hold” rating in a research note on Monday, March 6th. Barclays restated an “overweight” rating and set a GBX 3,650 ($45.72) price target on shares of Spectris in a research report on Friday, February 24th. Shore Capital reiterated a “buy” rating on shares of Spectris in a research report on Wednesday, April 26th. Finally, Numis Securities restated a “hold” rating on shares of Spectris in a research report on Thursday, March 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 3,668.33 ($45.95).

Spectris Stock Performance

The company has a market cap of £4.02 billion, a PE ratio of 3,588.79, a PEG ratio of 2.74 and a beta of 0.74. The company has a current ratio of 2.07, a quick ratio of 1.03 and a debt-to-equity ratio of 4.54. The business’s 50 day moving average is GBX 3,683.52 and its two-hundred day moving average is GBX 3,377.21.

Spectris Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, May 18th will be issued a GBX 51.30 ($0.64) dividend. The ex-dividend date is Thursday, May 18th. This is an increase from Spectris’s previous dividend of $24.10. This represents a dividend yield of 1.63%. Spectris’s payout ratio is 7,009.35%.

About Spectris

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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.