Spectris plc (LON:SXS) Receives Consensus Recommendation of "Buy" from Analysts

Shares of Spectris plc (LON:SXS - Get Free Report) have received a consensus recommendation of "Buy" from the five analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 3,597.50 ($47.09).

A number of equities analysts have recently issued reports on the company. Berenberg Bank reduced their price target on Spectris from GBX 3,180 ($41.62) to GBX 3,000 ($39.27) and set a "buy" rating on the stock in a research report on Monday, March 10th. Shore Capital reaffirmed a "buy" rating on shares of Spectris in a research report on Thursday, January 23rd.

Insider Activity at Spectris

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

Spectris Stock Down 6.3 %

Shares of LON:SXS traded down GBX 131 ($1.71) on Tuesday, reaching GBX 1,953 ($25.56). The company had a trading volume of 367,960 shares, compared to its average volume of 1,575,267. The firm has a market capitalization of £1.95 billion, a PE ratio of 7.23, a PEG ratio of 2.74 and a beta of 0.61. 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 has a 52-week low of GBX 1,877 ($24.57) and a 52-week high of GBX 3,430 ($44.90). The firm's 50 day simple moving average is GBX 2,578.75 and its 200-day simple moving average is GBX 2,587.61.

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

Spectris Increases Dividend

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

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.