Numis Securities restated their buy rating on shares of Spectris (LON:SXS – Free Report) in a report published on Thursday, MarketBeat Ratings reports. They currently have a GBX 4,435 ($56.13) target price on the stock.
Several other brokerages also recently weighed in on SXS. Stifel Nicolaus downgraded Spectris to a sell rating and set a GBX 8,500 ($107.58) price target on the stock. in a report on Friday, March 8th. Shore Capital lowered shares of Spectris to a sell rating in a research note on Thursday, February 29th. Finally, Berenberg Bank cut their price target on shares of Spectris from GBX 3,780 ($47.84) to GBX 3,520 ($44.55) and set a hold rating on the stock in a report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of GBX 6,444 ($81.56).
View Our Latest Report on Spectris
Spectris Stock Performance
Spectris Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 16th will be given a dividend of GBX 53.90 ($0.68) per share. This is an increase from Spectris’s previous dividend of $25.30. The ex-dividend date is Thursday, May 16th. This represents a dividend yield of 1.49%. Spectris’s dividend payout ratio is presently 5,642.86%.
Insider Activity
In other Spectris news, insider Derek Harding sold 1,909 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of GBX 3,201 ($40.51), for a total transaction of £61,107.09 ($77,340.96). Insiders own 1.28% 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.
Featured Stories
- Five stocks we like better than Spectris
- 5 discounted opportunities for dividend growth investors
- 5 Trends You Need to Know This Quarter
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- MarketBeat Week in Review – 4/8 – 4/12
- Investing in Construction Stocks
- You Can Follow BlackRock’s Market View for Your Money
Receive News & Ratings for Spectris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectris and related companies with MarketBeat.com's FREE daily email newsletter.