Spectris (LON:SXS) Sets New 1-Year Low – Here’s Why

Spectris plc (LON:SXS) shares hit a new 52-week low on Tuesday . The company traded as low as GBX 1,915 ($24.47) and last traded at GBX 1,991.02 ($25.44), with a volume of 59552078 shares trading hands. The stock had previously closed at GBX 2,050 ($26.19).

Analysts Set New Price Targets

A number of brokerages have weighed in on SXS. Berenberg Bank decreased their price target on shares of Spectris from GBX 3,180 ($40.63) to GBX 3,000 ($38.33) and set a “buy” rating on the stock in a report on Monday, March 10th. Shore Capital reissued a “buy” rating on shares of Spectris in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 3,765 ($48.11).

Spectris Trading Up 10.2 %

The firm has a market cap of £2.10 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The business’s 50 day moving average price is GBX 2,617.65 and its 200-day moving average price is GBX 2,597.11. 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 issued its earnings results on Friday, February 28th. The company reported GBX 148.10 ($1.89) earnings per share (EPS) for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. Equities analysts expect that Spectris plc will post 194.7972456 EPS for the current year.

Spectris Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, May 15th will be paid a dividend of GBX 56.60 ($0.72) per share. This is a positive change from Spectris’s previous dividend of $26.60. The ex-dividend date of this dividend is Thursday, May 15th. This represents a yield of 2.25%. Spectris’s dividend payout ratio is 30.00%.

Insider Buying and Selling

In other Spectris news, insider Derek Harding sold 22,577 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of GBX 2,420 ($30.92), for a total value of £546,363.40 ($698,138.77). Also, insider Andrew Heath sold 8,848 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of GBX 2,532 ($32.35), for a total transaction of £224,031.36 ($286,265.47). Insiders have acquired a total of 3,752 shares of company stock worth $7,831,047 over the last quarter. 1.21% of the stock is owned by company insiders.

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.