Spectris plc (LON:SXS) Receives GBX 3,527 Consensus Price Target from Brokerages

Shares of Spectris plc (LON:SXSGet Rating) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 3,527 ($43.48).

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 4,000 ($49.31) price target on shares of Spectris in a research note on Thursday, March 10th. Berenberg Bank restated a “buy” rating and set a GBX 3,835 ($47.28) price target on shares of Spectris in a research note on Wednesday, May 11th. Shore Capital reiterated a “buy” rating on shares of Spectris in a research note on Tuesday, May 10th. Finally, Barclays cut their price target on shares of Spectris from GBX 3,980 ($49.06) to GBX 3,650 ($45.00) and set an “overweight” rating for the company in a report on Tuesday, May 3rd.

Shares of SXS stock opened at GBX 2,976 ($36.69) on Thursday. The company has a 50 day moving average of GBX 2,721.31 and a 200-day moving average of GBX 3,181.18. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 5.23. Spectris has a 12-month low of GBX 2,371 ($29.23) and a 12-month high of GBX 4,167 ($51.37). The firm has a market cap of £3.30 billion and a P/E ratio of 9.79.

The company also recently announced a dividend, which will be paid on Thursday, June 30th. Stockholders of record on Thursday, May 19th will be paid a GBX 48.80 ($0.60) dividend. This represents a dividend yield of 1.61%. The ex-dividend date is Thursday, May 19th. This is an increase from Spectris’s previous dividend of $23.00. Spectris’s dividend payout ratio is currently 0.23%.

In other Spectris news, insider Kjersti Wiklund bought 1,500 shares of Spectris stock in a transaction on Thursday, April 7th. The stock was acquired at an average cost of GBX 2,495 ($30.76) per share, with a total value of £37,425 ($46,135.36). Also, insider Derek Harding bought 4,000 shares of Spectris stock in a transaction on Monday, March 7th. The shares were acquired at an average cost of GBX 2,545 ($31.37) per share, with a total value of £101,800 ($125,493.10). In the last quarter, insiders bought 5,505 shares of company stock worth $13,937,245.

Spectris Company Profile (Get Rating)

Spectris plc manufactures and sells measuring instruments and controls worldwide. It operates through Malvern Panalytical, HBK, Omega and Industrial Solutions segments. The Malvern Panalytical segment provides measurement and materials characterization and efficiency in R&D and manufacturing sectors.

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Analyst Recommendations for Spectris (LON:SXS)

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