Spectris plc (LON:SXS) Insider Acquires £19,993.92 in Stock

Spectris plc (LON:SXS) insider Mark Williamson acquired 706 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of GBX 2,832 ($36.19) per share, for a total transaction of £19,993.92 ($25,551.34).

Spectris Trading Up 0.8 %

Shares of LON:SXS opened at GBX 2,914 ($37.24) on Thursday. Spectris plc has a 52-week low of GBX 2,728 ($34.86) and a 52-week high of GBX 3,861 ($49.34). The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.03 and a current ratio of 1.89. The company has a market cap of £2.93 billion, a P/E ratio of 2,096.40, a P/E/G ratio of 2.74 and a beta of 0.69. The stock’s 50-day moving average is GBX 3,034.59 and its 200-day moving average is GBX 3,261.77.

Spectris Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd will be given a GBX 26.60 ($0.34) dividend. This represents a yield of 0.89%. The ex-dividend date is Thursday, October 3rd. Spectris’s dividend payout ratio is currently 5,683.45%.

Wall Street Analyst Weigh In

Several analysts have commented on SXS shares. Jefferies Financial Group decreased their target price on shares of Spectris from GBX 4,435 ($56.68) to GBX 4,190 ($53.55) and set a “buy” rating for the company in a research report on Friday, July 12th. Berenberg Bank upgraded shares of Spectris to a “buy” rating and upped their price objective for the stock from GBX 3,520 ($44.98) to GBX 3,920 ($50.10) in a report on Wednesday, July 24th. Barclays restated an “overweight” rating and set a GBX 4,250 ($54.31) target price on shares of Spectris in a report on Friday, May 3rd. Shore Capital reiterated a “hold” rating on shares of Spectris in a research note on Tuesday, July 16th. Finally, Numis Securities reissued a “buy” rating and issued a GBX 4,435 ($56.68) price objective on shares of Spectris in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 6,132.50 ($78.37).

Spectris Company Profile

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.