Spectris (LON:SXS) Rating Reiterated by Barclays

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

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

Spectris Stock Performance

Shares of LON:SXS opened at GBX 3,306 ($41.53) on Friday. Spectris has a fifty-two week low of GBX 2,917 ($36.64) and a fifty-two week high of GBX 3,883.85 ($48.79). The company has a debt-to-equity ratio of 4.76, a current ratio of 1.89 and a quick ratio of 1.03. The business’s fifty day moving average price is GBX 3,302.53 and its two-hundred day moving average price is GBX 3,421.95. The stock has a market capitalization of £3.33 billion, a price-to-earnings ratio of 2,361.43, a price-to-earnings-growth ratio of 2.74 and a beta of 0.72.

Spectris Increases Dividend

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

Insider Activity

In other Spectris news, insider Derek Harding sold 1,909 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of GBX 3,201 ($40.21), for a total transaction of £61,107.09 ($76,758.06). Insiders own 1.28% 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.