Spectris plc (LON:SXS - Get Free Report) reached a new 52-week low on Thursday after an insider sold shares in the company. The stock traded as low as GBX 2,366 ($30.57) and last traded at GBX 2,380 ($30.75), with a volume of 22176 shares trading hands. The stock had previously closed at GBX 2,400 ($31.01).
Specifically, insider Derek Harding sold 22,577 shares of the company's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of GBX 2,420 ($31.27), for a total transaction of £546,363.40 ($705,895.87).
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. Berenberg Bank lowered their price target on Spectris from GBX 3,180 ($41.09) to GBX 3,000 ($38.76) and set a "buy" rating on the stock in a report on Monday, March 10th. Shore Capital reaffirmed a "buy" rating on shares of Spectris in a research note on Thursday, January 23rd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Spectris presently has a consensus rating of "Buy" and a consensus target price of GBX 3,765 ($48.64).
Get Our Latest Analysis on Spectris
Spectris Price Performance
The firm's fifty day simple moving average is GBX 2,768.11 and its 200-day simple moving average is GBX 2,639.78. The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37. The firm has a market capitalization of £2.31 billion, a PE ratio of 8.59, a PEG ratio of 2.74 and a beta of 0.61.
Spectris (LON:SXS - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The company reported GBX 148.10 ($1.91) earnings per share (EPS) for the quarter. Spectris had a return on equity of 20.13% and a net margin of 20.44%. On average, research analysts forecast that Spectris plc will post 194.7972456 earnings per share for the current fiscal year.
Spectris Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, May 15th will be issued a dividend of GBX 56.60 ($0.73) per share. This represents a dividend yield of 2.25%. This is a boost from Spectris's previous dividend of $26.60. The ex-dividend date is Thursday, May 15th. Spectris's dividend payout ratio is presently 30.00%.
About Spectris
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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.
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