Spectris (LON:SXS) Given New GBX 2,100 Price Target at Goldman Sachs Group
Spectris (LON:SXS) had its price objective cut by Goldman Sachs Group from GBX 2,140 ($28.15) to GBX 2,100 ($27.62) in a research report released on Friday morning, Stock Target Advisor reports. The brokerage currently has a sell rating on the stock.
Several other research analysts have also recently commented on the stock. BNP Paribas cut shares of Spectris to a neutral rating and upped their target price for the stock from GBX 2,350 ($30.91) to GBX 2,650 ($34.86) in a research report on Thursday, November 28th. Bank of America cut shares of Spectris to an underperform rating and decreased their target price for the stock from GBX 2,760 ($36.31) to GBX 2,750 ($36.17) in a research report on Wednesday, January 8th. Shore Capital cut shares of Spectris to a sell rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. cut shares of Spectris to a neutral rating in a research report on Monday, December 9th. Finally, Liberum Capital restated a hold rating on shares of Spectris in a research report on Thursday, February 20th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 2,697 ($35.48).
Shares of LON:SXS traded up GBX 21 ($0.28) during trading on Friday, reaching GBX 2,300 ($30.26). 428,101 shares of the company’s stock traded hands, compared to its average volume of 390,769. The company has a debt-to-equity ratio of 18.17, a current ratio of 1.75 and a quick ratio of 1.25. Spectris has a 12 month low of GBX 2,210 ($29.07) and a 12 month high of GBX 3,072 ($40.41). The company has a 50 day moving average of GBX 2,668.96 and a 200-day moving average of GBX 2,639.70. The stock has a market capitalization of $2.67 billion and a P/E ratio of 11.41.
The business also recently disclosed a dividend, which will be paid on Monday, June 22nd. Stockholders of record on Tuesday, May 26th will be issued a GBX 43.20 ($0.57) dividend. The ex-dividend date is Tuesday, May 26th. This is a boost from Spectris’s previous dividend of $21.90. This represents a dividend yield of 1.47%. Spectris’s dividend payout ratio (DPR) is 0.32%.
In related news, insider Cathy Turner acquired 2,342 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was acquired at an average cost of GBX 2,988 ($39.31) per share, for a total transaction of £69,978.96 ($92,053.35).
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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