Spectris plc (LON:SXS) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Spectris plc (LON:SXS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 4,707.50 ($61.05).

A number of brokerages have recently issued reports on SXS. Shore Capital upgraded shares of Spectris to a "buy" rating in a research report on Monday, September 9th. Bank of America reissued a "buy" rating and set a GBX 2,950 ($38.26) price target on shares of Spectris in a report on Monday, September 2nd. Jefferies Financial Group dropped their price target on Spectris from GBX 4,435 ($57.52) to GBX 4,190 ($54.34) and set a "buy" rating on the stock in a research report on Friday, July 12th. Finally, Berenberg Bank raised Spectris to a "buy" rating and increased their price objective for the stock from GBX 3,520 ($45.65) to GBX 3,920 ($50.84) in a research report on Wednesday, July 24th.

Spectris Stock Performance

Shares of LON SXS traded up GBX 69.92 ($0.91) during trading hours on Monday, reaching GBX 2,624 ($34.03). The stock had a trading volume of 42,266,980 shares, compared to its average volume of 497,220. The firm has a market cap of £2.59 billion, a price-to-earnings ratio of 979.10, a PEG ratio of 2.74 and a beta of 0.61. Spectris has a fifty-two week low of GBX 2,486 ($32.24) and a fifty-two week high of GBX 3,861 ($50.07). The firm has a 50-day moving average of GBX 2,733.07 and a 200-day moving average of GBX 2,976.83. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37.

Spectris Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be paid a GBX 26.60 ($0.34) dividend. 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 presently 3,022.39%.

Insiders Place Their Bets

In related news, insider Mark Williamson purchased 706 shares of the business's stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of GBX 2,832 ($36.73) per share, for a total transaction of £19,993.92 ($25,929.09). Over the last quarter, insiders acquired 716 shares of company stock worth $2,028,097. 1.21% of the stock is owned by corporate insiders.

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.