Spectris plc (LON:SXS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Spectris plc (LON:SXS) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 4,707.50 ($62.97).

SXS has been the subject of several research analyst reports. Jefferies Financial Group dropped their price target on Spectris from GBX 4,435 ($59.32) to GBX 4,190 ($56.05) and set a “buy” rating for the company in a research note on Friday, July 12th. Shore Capital raised Spectris to a “buy” rating in a research report on Monday, September 9th. Bank of America reaffirmed a “buy” rating and issued a GBX 2,950 ($39.46) target price on shares of Spectris in a research report on Monday, September 2nd. Finally, Berenberg Bank upgraded Spectris to a “buy” rating and raised their target price for the company from GBX 3,520 ($47.08) to GBX 3,920 ($52.43) in a report on Wednesday, July 24th.

Spectris Trading Up 1.0 %

LON SXS opened at GBX 2,718 ($36.36) on Thursday. The company has a 50-day moving average of GBX 2,876.42 and a 200-day moving average of GBX 3,068.34. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. Spectris has a 12 month low of GBX 2,640 ($35.31) and a 12 month high of GBX 3,861 ($51.65). The company has a market cap of £2.70 billion, a P/E ratio of 1,014.18, a P/E/G ratio of 2.74 and a beta of 0.61.

Spectris Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be issued a GBX 26.60 ($0.36) dividend. This represents a yield of 0.89%. The ex-dividend date of this dividend is Thursday, October 3rd. Spectris’s dividend payout ratio is currently 3,022.39%.

Insiders Place Their Bets

In other Spectris news, insider Mark Williamson purchased 706 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of GBX 2,832 ($37.88) per share, with a total value of £19,993.92 ($26,744.14). Insiders have bought a total of 716 shares of company stock valued at $2,028,097 in the last quarter. Insiders own 1.26% of the company’s stock.

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.