Brokerages Set Spectris plc (LON:SXS) Price Target at GBX 3,765

Shares of Spectris plc (LON:SXS) have been given an average rating of “Buy” by the six analysts that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 3,765 ($48.82).

Several research firms have weighed in on SXS. Berenberg Bank dropped their target price on shares of Spectris from GBX 3,180 ($41.23) to GBX 3,000 ($38.90) and set a “buy” rating on the stock in a research report on Monday, March 10th. Shore Capital reissued a “buy” rating on shares of Spectris in a report on Thursday, January 23rd.

Spectris Trading Down 1.0 %

LON SXS opened at GBX 2,494 ($32.34) on Friday. Spectris has a one year low of GBX 2,370 ($30.73) and a one year high of GBX 3,430 ($44.48). 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 company has a market capitalization of £2.48 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The company’s 50-day simple moving average is GBX 2,798.19 and its two-hundred day simple moving average is GBX 2,663.04.

Spectris (LON:SXS) last issued 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 return on equity of 20.13% and a net margin of 20.44%. Equities analysts forecast that Spectris will post 194.7972456 EPS for the current fiscal year.

Spectris Increases Dividend

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

Insider Buying and Selling at Spectris

In other Spectris news, insider Andrew Heath sold 8,848 shares of Spectris stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of GBX 2,532 ($32.83), for a total value of £224,031.36 ($290,497.10). Insiders have acquired 17 shares of company stock worth $46,134 over the last quarter. 1.21% of the stock is currently owned by company insiders.

About Spectris

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.