Spectris (SXS) Stock Rating Reaffirmed by Deutsche Bank

Deutsche Bank restated their buy rating on shares of Spectris (LON:SXS) in a research report report published on Monday morning, ThisIsMoney.Co.Uk reports.

Several other brokerages have also weighed in on SXS. HSBC increased their target price on Spectris from GBX 2,250 ($29.40) to GBX 2,600 ($33.97) and gave the stock a hold rating in a research report on Wednesday, February 20th. Goldman Sachs Group reiterated a sell rating on shares of Spectris in a report on Friday. Liberum Capital reiterated a hold rating on shares of Spectris in a report on Tuesday, February 19th. JPMorgan Chase & Co. reiterated an overweight rating on shares of Spectris in a report on Thursday, February 7th. Finally, Peel Hunt reiterated an add rating on shares of Spectris in a report on Tuesday, February 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Spectris has an average rating of Hold and an average target price of GBX 2,656.92 ($34.72).

Shares of SXS opened at GBX 2,754 ($35.99) on Monday. The company has a debt-to-equity ratio of 30.03, a quick ratio of 1.03 and a current ratio of 1.60. The firm has a market capitalization of $3.19 billion and a P/E ratio of 17.55. Spectris has a twelve month low of GBX 1,924.50 ($25.15) and a twelve month high of GBX 2,957 ($38.64).

Spectris (LON:SXS) last issued its earnings results on Tuesday, February 19th. The company reported GBX 164.90 ($2.15) earnings per share for the quarter, topping the consensus estimate of GBX 155.20 ($2.03) by GBX 9.70 ($0.13). Equities research analysts expect that Spectris will post 17117.9994541546 EPS for the current year.

The firm also recently announced a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 23rd will be paid a dividend of GBX 40.50 ($0.53) per share. The ex-dividend date of this dividend is Thursday, May 23rd. This is an increase from Spectris’s previous dividend of $20.50. This represents a dividend yield of 1.55%. Spectris’s dividend payout ratio (DPR) is currently 0.39%.

In other news, insider Clive Watson sold 8,504 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of GBX 2,742 ($35.83), for a total transaction of £233,179.68 ($304,690.55). Also, insider Derek Harding bought 4,000 shares of the stock in a transaction dated Friday, March 1st. The shares were acquired at an average price of GBX 2,658 ($34.73) per share, with a total value of £106,320 ($138,925.91).

Spectris Company Profile

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.

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Analyst Recommendations for Spectris (LON:SXS)

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