Derek Harding Buys 5 Shares of Spectris plc (LON:SXS) Stock

Spectris plc (LON:SXS) insider Derek Harding bought 5 shares of the business’s stock in a transaction on Friday, September 6th. The stock was bought at an average price of GBX 2,865 ($37.47) per share, with a total value of £143.25 ($187.33).

Derek Harding also recently made the following trade(s):

• On Wednesday, August 7th, Derek Harding purchased 5 shares of Spectris stock. The stock was purchased at an average cost of GBX 2,876 ($37.61) per share, for a total transaction of £143.80 ($188.05).

Spectris Price Performance

LON SXS opened at GBX 2,822 ($36.90) on Thursday. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37. Spectris plc has a 12 month low of GBX 2,728 ($35.67) and a 12 month high of GBX 3,861 ($50.49). The company’s 50 day moving average is GBX 2,952.75 and its two-hundred day moving average is GBX 3,137.33. The stock has a market cap of £2.83 billion, a price-to-earnings ratio of 1,049.07, a PEG ratio of 2.74 and a beta of 0.61.

Spectris Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd will be issued a dividend of GBX 26.60 ($0.35) per share. This represents a yield of 0.89%. The ex-dividend date of this dividend is Thursday, October 3rd. Spectris’s dividend payout ratio is presently 3,011.15%.

Analysts Set New Price Targets

Several research firms recently weighed in on SXS. Shore Capital upgraded shares of Spectris to a “buy” rating in a research report on Monday. Jefferies Financial Group reduced their price objective on Spectris from GBX 4,435 ($58.00) to GBX 4,190 ($54.79) and set a “buy” rating on the stock in a research report on Friday, July 12th. Berenberg Bank raised shares of Spectris to a “buy” rating and increased their target price for the company from GBX 3,520 ($46.03) to GBX 3,920 ($51.26) in a report on Wednesday, July 24th. Finally, Bank of America reiterated a “buy” rating and issued a GBX 2,950 ($38.58) price objective on shares of Spectris in a research report on Monday, September 2nd. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 4,707.50 ($61.56).

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.