Spectris’ (SXS) Overweight Rating Reaffirmed at Barclays

Barclays reiterated their overweight rating on shares of Spectris (LON:SXS) in a report published on Friday, MarketBeat Ratings reports. They currently have a GBX 4,250 ($53.39) target price on the stock.

A number of other research analysts also recently commented on SXS. Shore Capital downgraded shares of Spectris to a sell rating in a research report on Thursday, February 29th. Berenberg Bank lowered their price target on shares of Spectris from GBX 3,780 ($47.48) to GBX 3,520 ($44.22) and set a hold rating on the stock in a report on Friday, March 1st. Stifel Nicolaus lowered Spectris to a sell rating and set a GBX 8,500 ($106.77) price objective for the company. in a report on Friday, March 8th. Finally, Numis Securities restated a buy rating and issued a GBX 4,435 ($55.71) target price on shares of Spectris in a research note on Thursday, April 11th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of GBX 6,078.33 ($76.35).

Spectris Trading Up 3.1 %

Shares of LON SXS opened at GBX 3,306 ($41.53) on Friday. The firm has a market capitalization of £3.33 billion, a PE ratio of 2,361.43, a PEG ratio of 2.74 and a beta of 0.72. Spectris has a one year low of GBX 2,917 ($36.64) and a one year high of GBX 3,883.85 ($48.79). The company has a current ratio of 1.89, a quick ratio of 1.03 and a debt-to-equity ratio of 4.76. The business has a 50-day moving average price of GBX 3,302.53 and a two-hundred day moving average price of GBX 3,418.39.

Spectris Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 16th will be given a dividend of GBX 53.90 ($0.68) per share. This represents a yield of 1.49%. This is an increase from Spectris’s previous dividend of $25.30. The ex-dividend date of this dividend is Thursday, May 16th. Spectris’s dividend payout ratio is presently 5,642.86%.

Insider Transactions at Spectris

In other Spectris news, insider Derek Harding sold 1,909 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of GBX 3,201 ($40.21), for a total transaction of £61,107.09 ($76,758.06). 1.28% of the stock is currently owned by corporate insiders.

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.