Numis Securities reiterated their buy rating on shares of Spectris (LON:SXS – Free Report) in a research report report published on Thursday morning, MarketBeat reports. They currently have a GBX 4,435 ($56.13) target price on the stock.
Several other equities research analysts have also recently commented on the stock. Berenberg Bank dropped their target price on shares of Spectris from GBX 3,780 ($47.84) to GBX 3,520 ($44.55) and set a hold rating for the company in a research report on Friday, March 1st. Stifel Nicolaus lowered shares of Spectris to a sell rating and set a GBX 8,500 ($107.58) price objective for the company. in a report on Friday, March 8th. Finally, Shore Capital cut Spectris to a sell rating in a research report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Spectris currently has a consensus rating of Hold and a consensus target price of GBX 6,444 ($81.56).
Read Our Latest Research Report on SXS
Spectris Stock Performance
Spectris Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be given a dividend of GBX 53.90 ($0.68) per share. This is a boost from Spectris’s previous dividend of $25.30. This represents a yield of 1.49%. The ex-dividend date of this dividend is Thursday, May 16th. Spectris’s dividend payout ratio (DPR) is 5,642.86%.
Insider Buying and Selling
In other Spectris news, insider Derek Harding sold 1,909 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of GBX 3,201 ($40.51), for a total transaction of £61,107.09 ($77,340.96). 1.28% of the stock is currently owned by insiders.
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.
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