Spectris plc (LON:SXS) Receives Average Recommendation of “Buy” from Analysts

Spectris plc (LON:SXS) has been assigned an average rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 3,765 ($48.82).

SXS has been the subject of several recent analyst reports. Shore Capital reiterated a “buy” rating on shares of Spectris in a research note on Thursday, January 23rd. Berenberg Bank decreased their price objective on shares of Spectris from GBX 3,180 ($41.23) to GBX 3,000 ($38.90) and set a “buy” rating for the company in a research note on Monday, March 10th.

Insiders Place Their Bets

In related news, insider Andrew Heath sold 8,848 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of GBX 2,532 ($32.83), for a total transaction of £224,031.36 ($290,497.10). In the last 90 days, insiders have bought 17 shares of company stock worth $46,134. Company insiders own 1.21% of the company’s stock.

Spectris Trading Down 1.0 %

Shares of Spectris stock opened at GBX 2,494 ($32.34) on Friday. The stock has a market capitalization of £2.48 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. Spectris has a 52 week low of GBX 2,370 ($30.73) and a 52 week high of GBX 3,430 ($44.48). The stock has a 50 day moving average price of GBX 2,798.19 and a two-hundred day moving average price of GBX 2,663.04. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36.

Spectris (LON:SXS) last released its quarterly earnings data on Friday, February 28th. The company reported GBX 148.10 ($1.92) earnings per share for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. As a group, equities analysts anticipate that Spectris will post 194.7972456 earnings per share for the current fiscal year.

Spectris Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, May 15th will be given a GBX 56.60 ($0.73) dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from Spectris’s previous dividend of $26.60. This represents a yield of 2.25%. Spectris’s dividend payout ratio (DPR) is presently 30.00%.

Spectris Company Profile

The experts in providing insight through precision measurement.

Our purpose is to deliver value beyond measure – going beyond just the measurement.

Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software.

Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently.

This equips them with the ability to reduce time to market, improve processes, quality and yield.