Barclays reiterated their overweight rating on shares of Spectris (LON:SXS – Free Report) in a research note published on Friday, MarketBeat reports. Barclays currently has a GBX 4,250 ($53.39) price target on the stock.
SXS has been the topic of several other reports. Numis Securities reaffirmed a buy rating and issued a GBX 4,435 ($55.72) price target on shares of Spectris in a report on Thursday, April 11th. Stifel Nicolaus downgraded shares of Spectris to a sell rating and set a GBX 8,500 ($106.78) price objective for the company. in a research note on Friday, March 8th. Berenberg Bank lowered their price objective on shares of Spectris from GBX 3,780 ($47.49) to GBX 3,520 ($44.22) and set a hold rating for the company in a research note on Friday, March 1st. Finally, Shore Capital downgraded shares of Spectris to a sell rating in a research note on Thursday, February 29th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of GBX 6,078.33 ($76.36).
Get Our Latest Analysis on SXS
Spectris Price Performance
Spectris Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 16th will be given a GBX 53.90 ($0.68) dividend. The ex-dividend date is Thursday, May 16th. This represents a dividend yield of 1.49%. This is an increase from Spectris’s previous dividend of $25.30. Spectris’s dividend payout ratio is 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 shares were sold at an average price of GBX 3,201 ($40.21), for a total transaction of £61,107.09 ($76,767.70). Corporate insiders own 1.28% of the company’s stock.
About Spectris
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.
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