Spectris plc (LON:SXS) Receives Average Recommendation of “Moderate Buy” from Analysts

Spectris plc (LON:SXS) has received an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 4,707.50 ($61.56).

Several equities analysts recently commented on the stock. Shore Capital upgraded shares of Spectris to a “buy” rating in a research note on Monday, September 9th. Bank of America reaffirmed a “buy” rating and set a GBX 2,950 ($38.58) price objective on shares of Spectris in a research report on Monday, September 2nd. Jefferies Financial Group decreased their target price on Spectris from GBX 4,435 ($58.00) to GBX 4,190 ($54.79) and set a “buy” rating on the stock in a research report on Friday, July 12th. Finally, Berenberg Bank raised Spectris to a “buy” rating and upped their price target for the company from GBX 3,520 ($46.03) to GBX 3,920 ($51.26) in a report on Wednesday, July 24th.

Spectris Stock Up 1.4 %

Shares of SXS stock opened at GBX 2,844 ($37.19) on Friday. Spectris has a 12 month low of GBX 2,728 ($35.67) and a 12 month high of GBX 3,861 ($50.49). The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37. The firm has a market cap of £2.85 billion, a PE ratio of 1,057.25, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The stock has a 50 day moving average of GBX 2,949.10 and a 200-day moving average of GBX 3,123.63.

Spectris Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be given a GBX 26.60 ($0.35) dividend. This represents a yield of 0.89%. The ex-dividend date is Thursday, October 3rd. Spectris’s dividend payout ratio (DPR) is presently 3,011.15%.

Insider Buying and Selling at Spectris

In related news, insider Mark Williamson bought 706 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of GBX 2,832 ($37.03) per share, with a total value of £19,993.92 ($26,146.10). Over the last ninety days, insiders have purchased 716 shares of company stock valued at $2,028,097. 1.25% of the stock is currently owned by corporate insiders.

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.