Spectris plc (LON:SXS) Receives GBX 6,078.33 Consensus Price Target from Brokerages

Shares of Spectris plc (LON:SXS) have received an average rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 6,078.33 ($76.36).

A number of research firms have recently issued reports on SXS. Shore Capital cut Spectris to a “sell” rating in a research report on Thursday, February 29th. Berenberg Bank dropped 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. Numis Securities reiterated a “buy” rating and set a GBX 4,435 ($55.72) target price on shares of Spectris in a research report on Thursday, April 11th. Stifel Nicolaus lowered shares of Spectris to a “sell” rating and set a GBX 8,500 ($106.78) price target for the company. in a research report on Friday, March 8th. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 4,250 ($53.39) price objective on shares of Spectris in a report on Friday, May 3rd.

Insider Buying and Selling at Spectris

In other news, insider Derek Harding sold 1,909 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of GBX 3,201 ($40.21), for a total value of £61,107.09 ($76,767.70). Company insiders own 1.28% of the company’s stock.

Spectris Trading Down 1.5 %

Shares of SXS opened at GBX 3,330 ($41.83) on Monday. The stock’s 50-day moving average price is GBX 3,284.31 and its 200 day moving average price is GBX 3,426.32. The company has a quick ratio of 1.03, a current ratio of 1.89 and a debt-to-equity ratio of 4.76. Spectris has a 12-month low of GBX 2,917 ($36.65) and a 12-month high of GBX 3,883.85 ($48.79). The firm has a market capitalization of £3.35 billion, a price-to-earnings ratio of 2,378.57, a P/E/G ratio of 2.74 and a beta of 0.72.

Spectris Increases Dividend

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

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.