Spectris plc (LON:SXS) Given Consensus Rating of “Moderate Buy” by Brokerages

Spectris plc (LON:SXS) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat.com reports. One 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 brokers that have issued a report on the stock in the last year is GBX 4,707.50 ($61.56).

Several research analysts have recently commented on SXS shares. Shore Capital raised Spectris to a “buy” rating in a report on Monday. Berenberg Bank upgraded shares of Spectris to a “buy” rating and boosted their price objective for the stock from GBX 3,520 ($46.03) to GBX 3,920 ($51.26) in a research report on Wednesday, July 24th. Bank of America restated a “buy” rating and issued a GBX 2,950 ($38.58) price objective on shares of Spectris in a research report on Monday, September 2nd. Finally, Jefferies Financial Group dropped their price objective on shares of Spectris from GBX 4,435 ($58.00) to GBX 4,190 ($54.79) and set a “buy” rating for the company in a research report on Friday, July 12th.

Insider Activity

In related news, insider Mark Williamson bought 706 shares of Spectris stock in a transaction on Monday, August 5th. The shares were purchased at an average price of GBX 2,832 ($37.03) per share, for a total transaction of £19,993.92 ($26,146.10). Insiders have purchased a total of 716 shares of company stock valued at $2,028,097 in the last 90 days. 1.25% of the stock is owned by company insiders.

Spectris Stock Up 2.5 %

Shares of SXS opened at GBX 2,875.94 ($37.61) on Friday. The company has a market capitalization of £2.88 billion, a P/E ratio of 1,043.12, a PEG ratio of 2.74 and a beta of 0.61. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. Spectris has a one year low of GBX 2,728 ($35.67) and a one year high of GBX 3,861 ($50.49). The business’s 50 day simple moving average is GBX 2,952.70 and its 200-day simple moving average is GBX 3,135.31.

Spectris Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd will be paid a GBX 26.60 ($0.35) dividend. This represents a dividend yield of 0.89%. The ex-dividend date is Thursday, October 3rd. Spectris’s dividend payout ratio (DPR) is currently 3,011.15%.

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.