Spectris plc (LON:SXS) Receives GBX 3,765 Consensus Price Target from Brokerages

Spectris plc (LON:SXS) has been given an average recommendation of “Buy” by the five ratings firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 3,597.50 ($47.09).

SXS has been the subject of a number of research analyst reports. Berenberg Bank reduced their price target on shares of Spectris from GBX 3,180 ($41.62) to GBX 3,000 ($39.27) and set a “buy” rating for the company in a research note on Monday, March 10th. Shore Capital reiterated a “buy” rating on shares of Spectris in a research note on Thursday, January 23rd.

Insider Activity

In other Spectris news, insider Derek Harding bought 3,741 shares of the company’s stock in a transaction on Friday, April 4th. The shares were bought at an average cost of GBX 2,085 ($27.29) per share, for a total transaction of £77,999.85 ($102,094.04). Also, insider Andrew Heath sold 8,848 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 2,532 ($33.14), for a total transaction of £224,031.36 ($293,234.76). In the last 90 days, insiders have purchased 3,752 shares of company stock valued at $7,831,047. 1.21% of the stock is currently owned by insiders.

Spectris Price Performance

SXS opened at GBX 1,953 ($25.56) on Tuesday. Spectris has a 12-month low of GBX 1,877 ($24.57) and a 12-month high of GBX 3,430 ($44.90). The company has a market cap of £1.95 billion, a price-to-earnings ratio of 7.23, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37. The stock has a fifty day simple moving average of GBX 2,578.75 and a two-hundred day simple moving average of GBX 2,587.61.

Spectris (LON:SXS) last issued its quarterly earnings results on Friday, February 28th. The company reported GBX 148.10 ($1.94) EPS for the quarter. Spectris had a return on equity of 20.13% and a net margin of 20.44%. Research analysts predict that Spectris will post 194.7972456 earnings per share for the current fiscal year.

Spectris Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, May 15th will be given a GBX 56.60 ($0.74) dividend. The ex-dividend date is Thursday, May 15th. This represents a yield of 2.25%. This is a positive change from Spectris’s previous dividend of $26.60. Spectris’s dividend payout ratio (DPR) is currently 30.00%.

Spectris Company Profile

The experts in providing insight through precision measurement.

Our purpose is to deliver value beyond measure – going beyond just the measurement.

Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software.

Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently.

This equips them with the ability to reduce time to market, improve processes, quality and yield.