Spectris plc (SXS) to Issue Dividend of GBX 26.60 on November 8th

Spectris plc (LON:SXS) declared a dividend on Tuesday, July 30th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 3rd will be paid a dividend of GBX 26.60 ($0.36) per share on Friday, November 8th. This represents a yield of 0.89%. The ex-dividend date of this dividend is Thursday, October 3rd. The official announcement can be accessed at this link.

Spectris Trading Down 0.1 %

LON SXS opened at GBX 2,726 ($36.46) on Tuesday. The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37. The stock’s 50-day simple moving average is GBX 2,891.51 and its two-hundred day simple moving average is GBX 3,076.60. Spectris has a twelve month low of GBX 2,640 ($35.31) and a twelve month high of GBX 3,861 ($51.65). The company has a market capitalization of £2.70 billion, a price-to-earnings ratio of 1,017.91, a PEG ratio of 2.74 and a beta of 0.61.

Insider Buying and Selling at Spectris

In other news, insider Mark Williamson bought 706 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of GBX 2,832 ($37.88) per share, for a total transaction of £19,993.92 ($26,744.14). Over the last 90 days, insiders purchased 716 shares of company stock worth $2,028,097. 1.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SXS shares. Shore Capital raised Spectris to a “buy” rating in a report on Monday, September 9th. Jefferies Financial Group lowered their price objective on shares of Spectris from GBX 4,435 ($59.32) to GBX 4,190 ($56.05) and set a “buy” rating for the company in a report on Friday, July 12th. Berenberg Bank raised shares of Spectris to a “buy” rating and upped their price objective for the company from GBX 3,520 ($47.08) to GBX 3,920 ($52.43) in a research note on Wednesday, July 24th. Finally, Bank of America reiterated 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. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Spectris presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,707.50 ($62.97).

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.