Spectris (LON:SXS) Sets New 12-Month Low - Here's What Happened

Spectris plc (LON:SXS - Get Free Report) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 1,915 ($25.07) and last traded at GBX 1,991.02 ($26.06), with a volume of 59552078 shares traded. The stock had previously closed at GBX 2,050 ($26.83).

Analysts Set New Price Targets

SXS has been the subject of a number of recent analyst reports. Shore Capital reiterated a "buy" rating on shares of Spectris in a report on Thursday, January 23rd. Berenberg Bank reduced their price objective on Spectris from GBX 3,180 ($41.62) to GBX 3,000 ($39.27) and set a "buy" rating for the company in a research note on Monday, March 10th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of GBX 3,597.50 ($47.09).

Spectris Stock Down 6.3 %

The company has a 50-day moving average of GBX 2,578.75 and a two-hundred day moving average of GBX 2,587.61. The company has a market capitalization of £1.95 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37.

Spectris (LON:SXS - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The company reported GBX 148.10 ($1.94) earnings per share (EPS) for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. On average, research analysts predict that Spectris plc will post 194.7972456 EPS for the current year.

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Spectris Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, May 15th will be paid a GBX 56.60 ($0.74) dividend. This represents a dividend yield of 2.25%. This is a positive change from Spectris's previous dividend of $26.60. The ex-dividend date is Thursday, May 15th. Spectris's dividend payout ratio (DPR) is presently 30.00%.

Insider Activity

In other news, insider Andrew Heath sold 8,848 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of GBX 2,532 ($33.14), for a total value of £224,031.36 ($293,234.76). Also, insider Derek Harding acquired 3,741 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average cost of GBX 2,085 ($27.29) per share, for a total transaction of £77,999.85 ($102,094.04). Over the last quarter, insiders have bought 3,752 shares of company stock valued at $7,831,047. 1.21% of the stock is currently 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.