Berenberg Bank Reaffirms “Buy” Rating for Spectris (LON:SXS)

Berenberg Bank restated their buy rating on shares of Spectris (LON:SXSGet Rating) in a report published on Wednesday, Digital Look reports. Berenberg Bank currently has a GBX 3,835 ($47.28) price target on the stock.

SXS has been the subject of a number of other research reports. Barclays decreased their price objective on Spectris from GBX 3,980 ($49.07) to GBX 3,650 ($45.00) and set an overweight rating for the company in a report on Tuesday, May 3rd. Shore Capital reiterated a buy rating on shares of Spectris in a report on Tuesday. Finally, JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 4,000 ($49.32) price objective on shares of Spectris in a report on Thursday, March 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of GBX 3,527 ($43.48).

SXS opened at GBX 3,034 ($37.41) on Wednesday. The stock has a fifty day simple moving average of GBX 2,686.19 and a two-hundred day simple moving average of GBX 3,211.71. The company has a current ratio of 1.75, a quick ratio of 1.17 and a debt-to-equity ratio of 5.23. The company has a market cap of £3.36 billion and a price-to-earnings ratio of 9.98. Spectris has a 12-month low of GBX 2,371 ($29.23) and a 12-month high of GBX 4,167 ($51.37).

The business also recently declared a dividend, which will be paid on Thursday, June 30th. Stockholders of record on Thursday, May 19th will be issued a dividend of GBX 48.80 ($0.60) per share. The ex-dividend date of this dividend is Thursday, May 19th. This is an increase from Spectris’s previous dividend of $23.00. This represents a dividend yield of 1.61%. Spectris’s dividend payout ratio (DPR) is presently 0.23%.

In other Spectris news, insider Derek Harding acquired 4,000 shares of Spectris stock in a transaction that occurred on Monday, March 7th. The stock was bought at an average cost of GBX 2,545 ($31.38) per share, for a total transaction of £101,800 ($125,508.57). Also, insider Kjersti Wiklund acquired 1,500 shares of Spectris stock in a transaction that occurred on Thursday, April 7th. The stock was acquired at an average price of GBX 2,495 ($30.76) per share, with a total value of £37,425 ($46,141.04). Insiders have bought 5,505 shares of company stock valued at $13,937,245 over the last 90 days.

About Spectris (Get Rating)

Spectris plc manufactures and sells measuring instruments and controls worldwide. It operates through Malvern Panalytical, HBK, Omega and Industrial Solutions segments. The Malvern Panalytical segment provides measurement and materials characterization and efficiency in R&D and manufacturing sectors.

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Analyst Recommendations for Spectris (LON:SXS)

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