Spectris (LON:SXS) Upgraded to “Buy” by Shore Capital

Shore Capital upgraded shares of Spectris (LON:SXS) to a buy rating in a research report released on Monday, Marketbeat reports.

Other equities analysts have also issued research reports about the stock. Bank of America reiterated a buy rating and set a GBX 2,950 ($38.58) price objective on shares of Spectris in a research report on Monday, September 2nd. Jefferies Financial Group lowered 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. Finally, Berenberg Bank upgraded shares of Spectris to a buy rating and raised their target price for the stock from GBX 3,520 ($46.03) to GBX 3,920 ($51.26) in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of GBX 4,707.50 ($61.56).

Spectris Price Performance

SXS stock opened at GBX 2,806 ($36.69) on Monday. Spectris has a 52 week low of GBX 2,728 ($35.67) and a 52 week high of GBX 3,861 ($50.49). 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 company has a fifty day simple moving average of GBX 2,952.70 and a two-hundred day simple moving average of GBX 3,135.31. The firm has a market capitalization of £2.81 billion, a P/E ratio of 1,043.12, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61.

Spectris Cuts Dividend

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

Insider Transactions at Spectris

In other news, insider Mark Williamson acquired 706 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of GBX 2,832 ($37.03) per share, with a total value of £19,993.92 ($26,146.10). Insiders have bought a total of 716 shares of company stock valued at $2,028,097 in the last 90 days. Insiders own 1.25% of the company’s stock.

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.