Spectris (LON:SXS) Earns “Overweight” Rating from Barclays

Barclays reiterated their overweight rating on shares of Spectris (LON:SXS) in a research note issued to investors on Friday, Marketbeat.com reports. They currently have a GBX 4,250 ($53.39) target price on the stock.

A number of other brokerages have also issued reports on SXS. Stifel Nicolaus lowered shares of Spectris to a sell rating and set a GBX 8,500 ($106.77) target price on the stock. in a research report on Friday, March 8th. Berenberg Bank decreased their price objective on Spectris from GBX 3,780 ($47.48) to GBX 3,520 ($44.22) and set a hold rating on the stock in a report on Friday, March 1st. Shore Capital lowered Spectris to a sell rating in a research note on Thursday, February 29th. Finally, Numis Securities reiterated a buy rating and set a GBX 4,435 ($55.71) target price on shares of Spectris in a research report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of GBX 6,078.33 ($76.35).

Spectris Price Performance

Spectris stock opened at GBX 3,306 ($41.53) on Friday. The stock has a market capitalization of £3.33 billion, a P/E ratio of 2,361.43, a P/E/G ratio of 2.74 and a beta of 0.72. Spectris has a 12-month low of GBX 2,917 ($36.64) and a 12-month high of GBX 3,883.85 ($48.79). The company has a debt-to-equity ratio of 4.76, a current ratio of 1.89 and a quick ratio of 1.03. The firm’s 50-day moving average is GBX 3,302.53 and its two-hundred day moving average is GBX 3,421.95.

Spectris Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 16th will be paid a dividend of GBX 53.90 ($0.68) per share. The ex-dividend date is Thursday, May 16th. This is a positive change from Spectris’s previous dividend of $25.30. This represents a yield of 1.49%. Spectris’s dividend payout ratio is currently 5,642.86%.

Insider Transactions at Spectris

In other news, insider Derek Harding sold 1,909 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of GBX 3,201 ($40.21), for a total transaction of £61,107.09 ($76,758.06). Company insiders own 1.28% of the company’s stock.

Spectris Company Profile

Spectris plc provides precision measurement solutions worldwide. It operates through Spectris Scientific, Spectris Dynamics, and Other segments. The Spectris Scientific segment provides advanced sensors and instruments used to measure, analyze, and characterize materials; and monitor ultra-clean manufacturing environments.