Numis Securities upgraded shares of Spectris (LON:SXS) to an add rating in a research report report published on Thursday, ThisIsMoney.Co.Uk reports. Numis Securities currently has GBX 3,000 ($39.20) target price on the stock, up from their previous target price of GBX 2,400 ($31.36).
Other equities research analysts have also recently issued research reports about the company. Goldman Sachs Group reaffirmed a sell rating on shares of Spectris in a report on Friday, April 12th. Peel Hunt lifted their price target on Spectris from GBX 2,500 ($32.67) to GBX 2,845 ($37.17) and gave the company an add rating in a report on Wednesday, April 24th. Deutsche Bank reaffirmed a buy rating on shares of Spectris in a report on Friday, March 15th. Shore Capital reaffirmed a hold rating on shares of Spectris in a report on Wednesday, February 27th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Spectris in a report on Thursday, February 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 2,708.93 ($35.40).
Shares of SXS traded down GBX 21 ($0.27) during mid-day trading on Thursday, reaching GBX 2,559 ($33.44). 146,874 shares of the company’s stock traded hands, compared to its average volume of 390,769. The stock has a market cap of $2.99 billion and a PE ratio of 16.31. The company has a current ratio of 1.60, a quick ratio of 1.03 and a debt-to-equity ratio of 30.03. Spectris has a 12 month low of GBX 1,924.50 ($25.15) and a 12 month high of GBX 2,957 ($38.64).
Spectris (LON:SXS) last released its quarterly earnings results on Tuesday, February 19th. The company reported GBX 164.90 ($2.15) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 155.20 ($2.03) by GBX 9.70 ($0.13). As a group, analysts forecast that Spectris will post 17118.000214174 EPS for the current year.
The company also recently announced a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 23rd will be issued a dividend of GBX 40.50 ($0.53) per share. This is a boost from Spectris’s previous dividend of $20.50. The ex-dividend date is Thursday, May 23rd. This represents a yield of 1.55%. Spectris’s payout ratio is presently 0.39%.
In other news, insider Derek Harding bought 4,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were purchased at an average price of GBX 2,658 ($34.73) per share, with a total value of £106,320 ($138,925.91). Also, insider Clive Watson sold 8,504 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of GBX 2,742 ($35.83), for a total value of £233,179.68 ($304,690.55).
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.
See Also: Cost of Equity For A Business, Investors
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