Analysts Set Spectris plc (LON:SXS) Price Target at GBX 6,132.50

Spectris plc (LON:SXS) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 6,132.50 ($79.68).

A number of research analysts have recently commented on the company. Shore Capital reiterated a “hold” rating on shares of Spectris in a report on Tuesday, July 16th. Berenberg Bank raised shares of Spectris to a “buy” rating and increased their price target for the company from GBX 3,520 ($45.74) to GBX 3,920 ($50.94) in a report on Wednesday, July 24th. Barclays restated an “overweight” rating and issued a GBX 4,250 ($55.22) price target on shares of Spectris in a research report on Friday, May 3rd. Finally, Jefferies Financial Group reduced their target price on shares of Spectris from GBX 4,435 ($57.63) to GBX 4,190 ($54.44) and set a “buy” rating for the company in a research note on Friday, July 12th.

Insider Buying and Selling

In related news, insider Mark Williamson acquired 706 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were bought at an average cost of GBX 2,832 ($36.80) per share, with a total value of £19,993.92 ($25,979.63). In other news, insider Alison Henwood purchased 1,053 shares of Spectris stock in a transaction on Friday, May 24th. The shares were purchased at an average cost of GBX 3,266 ($42.44) per share, for a total transaction of £34,390.98 ($44,686.82). Also, insider Mark Williamson purchased 706 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of GBX 2,832 ($36.80) per share, for a total transaction of £19,993.92 ($25,979.63). Insiders acquired 1,768 shares of company stock valued at $5,465,930 over the last quarter. Corporate insiders own 1.25% of the company’s stock.

Spectris Trading Up 0.7 %

Spectris stock opened at GBX 2,936 ($38.15) on Wednesday. Spectris has a 52 week low of GBX 2,728 ($35.45) and a 52 week high of GBX 3,861 ($50.17). The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. The firm has a market capitalization of £2.95 billion, a PE ratio of 1,088.06, a PEG ratio of 2.74 and a beta of 0.64. The business’s 50-day simple moving average is GBX 2,971.45 and its 200-day simple moving average is GBX 3,214.66.

Spectris Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd will be given a dividend of GBX 26.60 ($0.35) per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a dividend yield of 0.89%. Spectris’s dividend payout ratio (DPR) is currently 3,022.39%.

About Spectris

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.