Spectris plc (LON:SXS) Receives Consensus Rating of “Hold” from Brokerages

Shares of Spectris plc (LON:SXS) have been given a consensus rating of “Hold” by the fourteen brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 2,597.50 ($33.94).

Several equities analysts recently commented on SXS shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Spectris in a research note on Wednesday, July 24th. UBS Group reaffirmed a “sell” rating on shares of Spectris in a research note on Monday, July 29th. Peel Hunt reaffirmed an “add” rating on shares of Spectris in a research note on Monday, July 29th. Bank of America cut shares of Spectris to an “underperform” rating in a research note on Friday, July 5th. Finally, Goldman Sachs Group reaffirmed a “sell” rating on shares of Spectris in a research note on Wednesday, July 10th.

LON:SXS traded down GBX 113 ($1.48) during mid-day trading on Friday, hitting GBX 2,460 ($32.14). 365,626 shares of the stock traded hands, compared to its average volume of 390,769. The firm’s 50-day moving average is GBX 2,718.70. The company has a market cap of $2.85 billion and a P/E ratio of 15.68. Spectris has a 12-month low of GBX 1,924.50 ($25.15) and a 12-month high of GBX 2,932 ($38.31). 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 business also recently declared a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 10th will be paid a GBX 21.90 ($0.29) dividend. The ex-dividend date is Thursday, October 10th. This represents a yield of 0.82%. Spectris’s dividend payout ratio is presently 0.39%.

About Spectris

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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