Analysts Set Spectris (SXS) PT at $2,858.33

Shares of Spectris (LON:SXS) have received a consensus rating of “Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 2,858.33 ($40.93).

A number of equities analysts have recently weighed in on SXS shares. Liberum Capital boosted their target price on Spectris from GBX 2,830 ($40.52) to GBX 2,880 ($41.24) and gave the stock a “buy” rating in a research note on Friday, January 12th. Shore Capital reaffirmed a “buy” rating on shares of Spectris in a report on Friday, January 26th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 2,585 ($37.01) price target on shares of Spectris in a report on Friday, January 26th. JPMorgan Chase lifted their price target on shares of Spectris from GBX 2,800 ($40.09) to GBX 2,900 ($41.52) and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Finally, Numis Securities reaffirmed a “reduce” rating and issued a GBX 2,100 ($30.07) price target on shares of Spectris in a report on Wednesday, February 14th.

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In related news, insider John O’Higgins sold 2,837 shares of Spectris stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of GBX 2,701 ($38.67), for a total value of £76,627.37 ($109,718.46).

SXS stock opened at GBX 2,682 ($38.40) on Friday. Spectris has a 52-week low of GBX 2,225 ($31.86) and a 52-week high of GBX 2,869 ($41.08).

Spectris (LON:SXS) last announced its earnings results on Monday, February 19th. The company reported GBX 145.10 ($2.08) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 133.40 ($1.91) by GBX 11.70 ($0.17). Spectris had a return on equity of 37.36% and a net margin of 25.86%. The firm had revenue of GBX 152.56 billion for the quarter.

The business also recently declared a dividend, which will be paid on Friday, June 29th. Investors of record on Thursday, May 24th will be issued a GBX 37.50 ($0.54) dividend. This represents a dividend yield of 1.36%. The ex-dividend date is Thursday, May 24th. This is a boost from Spectris’s previous dividend of $19.00.

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Spectris Company Profile

Spectris plc manufactures and sells measuring instruments and controls worldwide. It operates through four segments: Materials Analysis, Test and Measurement, In-line Instrumentation, and Industrial Controls. The Materials Analysis segment provides products and services, which enable customers to determine structure, composition, quantity, and quality of particles and materials during their research and development processes, when assessing materials before production, or during the manufacturing process.

Analyst Recommendations for Spectris (LON:SXS)

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