Spectris (LON:SXS) Sets New 12-Month Low – Here’s What Happened

Spectris plc (LON:SXS) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 2,285.58 ($29.55) and last traded at GBX 2,304 ($29.79), with a volume of 400832 shares trading hands. The stock had previously closed at GBX 2,318 ($29.97).

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Berenberg Bank decreased their price objective on shares of Spectris from GBX 3,180 ($41.11) to GBX 3,000 ($38.78) and set a “buy” rating for the company in a report on Monday, March 10th. Shore Capital reiterated a “buy” rating on shares of Spectris in a research note on Thursday, January 23rd. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Spectris currently has an average rating of “Buy” and an average price target of GBX 3,765 ($48.67).

Spectris Price Performance

The firm has a market capitalization of £2.29 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The company’s fifty day moving average price is GBX 2,761.11 and its 200 day moving average price is GBX 2,636.24. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36.

Spectris (LON:SXS) last posted its earnings results on Friday, February 28th. The company reported GBX 148.10 ($1.91) EPS for the quarter. Spectris had a return on equity of 20.13% and a net margin of 20.44%. Equities research analysts expect that Spectris plc will post 194.7972456 earnings per share for the current year.

Spectris Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, May 15th will be issued a dividend of GBX 56.60 ($0.73) per share. This is an increase from Spectris’s previous dividend of $26.60. The ex-dividend date is Thursday, May 15th. This represents a dividend yield of 2.25%. Spectris’s payout ratio is 30.00%.

Insider Buying and Selling

In related news, insider Derek Harding sold 22,577 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of GBX 2,420 ($31.29), for a total value of £546,363.40 ($706,352.17). Also, insider Andrew Heath sold 8,848 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of GBX 2,532 ($32.73), for a total value of £224,031.36 ($289,633.30). Insiders have bought a total of 17 shares of company stock valued at $46,134 in the last quarter. Company insiders own 1.21% of the company’s stock.

Spectris Company Profile

The experts in providing insight through precision measurement.

Our purpose is to deliver value beyond measure – going beyond just the measurement.

Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software.

Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently.

This equips them with the ability to reduce time to market, improve processes, quality and yield.