Spectris (LON:SXS) Earns Sell Rating from UBS Group

UBS Group restated their sell rating on shares of Spectris (LON:SXS) in a report released on Friday morning, ThisIsMoney.Co.Uk reports.

A number of other equities analysts also recently commented on SXS. Bank of America upgraded shares of Spectris to a neutral rating and reduced their price objective for the stock from GBX 2,600 ($33.97) to GBX 2,500 ($32.67) in a research note on Friday. Berenberg Bank restated a hold rating and set a GBX 2,440 ($31.88) price objective on shares of Spectris in a research note on Tuesday, June 18th. Goldman Sachs Group restated a sell rating on shares of Spectris in a research note on Wednesday, July 10th. Deutsche Bank restated a buy rating on shares of Spectris in a research note on Friday, July 12th. Finally, Shore Capital reaffirmed a hold rating on shares of Spectris in a report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Spectris has an average rating of Hold and an average price target of GBX 2,658.18 ($34.73).

Shares of Spectris stock traded up GBX 7 ($0.09) during trading hours on Friday, reaching GBX 2,399 ($31.35). 253,566 shares of the company’s stock were exchanged, compared to its average volume of 390,769. The company has a 50 day moving average of GBX 2,377.38 and a two-hundred day moving average of GBX 2,572.93. Spectris has a fifty-two week low of GBX 1,924.50 ($25.15) and a fifty-two week high of GBX 2,932 ($38.31). The company has a current ratio of 1.55, a quick ratio of 0.99 and a debt-to-equity ratio of 33.78. The stock has a market cap of $2.78 billion and a P/E ratio of 58.09.

The company also recently announced a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 10th will be issued a GBX 21.90 ($0.29) dividend. The ex-dividend date is Thursday, October 10th. This represents a dividend yield of 0.82%. Spectris’s payout ratio is 1.50%.

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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