Insider Buying: Spectris plc (LON:SXS) Insider Buys 5 Shares of Stock

Spectris plc (LON:SXSGet Rating) insider Andrew Heath purchased 5 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The stock was acquired at an average cost of GBX 2,949 ($36.36) per share, for a total transaction of £147.45 ($181.79).

Shares of LON:SXS traded up GBX 72 ($0.89) during mid-day trading on Tuesday, reaching GBX 2,915 ($35.94). The company had a trading volume of 718,901 shares, compared to its average volume of 410,784. The company has a current ratio of 1.75, a quick ratio of 1.17 and a debt-to-equity ratio of 5.23. The firm has a market cap of £3.23 billion and a price-to-earnings ratio of 9.69. The company’s 50-day moving average price is GBX 2,659.42 and its 200-day moving average price is GBX 3,227.27. Spectris plc has a one year low of GBX 2,371 ($29.23) and a one year high of GBX 4,167 ($51.37).

The business also recently declared a dividend, which will be paid on Thursday, June 30th. Investors of record on Thursday, May 19th will be issued a GBX 48.80 ($0.60) dividend. This represents a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, May 19th. This is a boost from Spectris’s previous dividend of $23.00. Spectris’s payout ratio is 0.23%.

Several equities analysts recently weighed in on SXS shares. Barclays dropped their price target on shares of Spectris from GBX 3,980 ($49.07) to GBX 3,650 ($45.00) and set an “overweight” rating on the stock in a research report on Tuesday, May 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 4,000 ($49.32) target price on shares of Spectris in a research report on Thursday, March 10th. Shore Capital reissued a “buy” rating on shares of Spectris in a research report on Tuesday. Finally, Berenberg Bank dropped their target price on shares of Spectris from GBX 4,380 ($54.00) to GBX 3,835 ($47.28) and set a “buy” rating on the stock in a research report on Wednesday, April 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 3,527 ($43.48).

About Spectris (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.

Further Reading

Insider Buying and Selling by Quarter for Spectris (LON:SXS)

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