Spectris plc (LON:SXS) Given Average Recommendation of “Hold” by Brokerages

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

Several research firms recently commented on SXS. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 4,000 ($49.31) target price on shares of Spectris in a research note on Thursday, March 10th. Barclays cut their target price 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 research note on Tuesday, May 3rd. Shore Capital reissued a “buy” rating on shares of Spectris in a research note on Tuesday, May 10th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 3,835 ($47.28) target price on shares of Spectris in a research note on Wednesday, May 11th.

In related news, insider Kjersti Wiklund bought 1,500 shares of the business’s stock in a transaction on Thursday, April 7th. The stock was bought at an average price of GBX 2,495 ($30.76) per share, for a total transaction of £37,425 ($46,135.36). Also, insider Derek Harding purchased 4,000 shares of the company’s stock in a transaction dated Monday, March 7th. The shares were acquired at an average price of GBX 2,545 ($31.37) per share, for a total transaction of £101,800 ($125,493.10). In the last 90 days, insiders purchased 5,505 shares of company stock valued at $13,937,245.

SXS stock opened at GBX 2,897 ($35.71) on Thursday. 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 £3.21 billion and a PE ratio of 9.60. The firm has a 50 day simple moving average of GBX 2,709.81 and a 200 day simple moving average of GBX 3,196.03. The company has a debt-to-equity ratio of 5.23, a current ratio of 1.75 and a quick ratio of 1.17.

The company also recently declared a dividend, which will be paid on Thursday, June 30th. Investors of record on Thursday, May 19th will be given 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 0.23%.

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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