Spectris plc (LON:SXS) Receives Consensus Rating of “Buy” from Analysts

Shares of Spectris plc (LON:SXS) have received an average recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 3,765 ($48.95).

Several research analysts have recently issued reports on SXS shares. Berenberg Bank lowered their price objective on Spectris from GBX 3,180 ($41.34) to GBX 3,000 ($39.00) and set a “buy” rating for the company in a research report on Monday, March 10th. Shore Capital restated a “buy” rating on shares of Spectris in a research note on Thursday, January 23rd.

Spectris Trading Up 0.6 %

LON SXS opened at GBX 2,538 ($33.00) on Friday. Spectris has a 52 week low of GBX 2,370 ($30.81) and a 52 week high of GBX 3,430 ($44.59). The firm has a 50 day moving average of GBX 2,800.34 and a two-hundred day moving average of GBX 2,667.46. 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 stock has a market capitalization of £2.53 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61.

Spectris (LON:SXS) last released its quarterly earnings data on Friday, February 28th. The company reported GBX 148.10 ($1.93) earnings per share (EPS) for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. As a group, research analysts expect that Spectris will post 194.7972456 EPS for the current fiscal year.

Spectris Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, May 15th will be paid a GBX 56.60 ($0.74) dividend. This represents a yield of 2.25%. The ex-dividend date is Thursday, May 15th. This is an increase from Spectris’s previous dividend of $26.60. Spectris’s dividend payout ratio is currently 30.00%.

About Spectris

The experts in providing insight through precision measurement.

Our purpose is to deliver value beyond measure – going beyond just the measurement.

Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software.

Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently.

This equips them with the ability to reduce time to market, improve processes, quality and yield.