Shore Capital Reiterates “Hold” Rating for Spectris (LON:SXS)

Shore Capital reissued their hold rating on shares of Spectris (LON:SXS) in a research note published on Thursday, September 19th, ThisIsMoney.Co.Uk reports.

SXS has been the subject of a number of other reports. Deutsche Bank reiterated a buy rating on shares of Spectris in a research report on Friday, July 12th. Morgan Stanley downgraded Spectris to an equal weight rating in a research report on Thursday, July 11th. Peel Hunt reiterated an add rating on shares of Spectris in a research report on Monday, July 29th. Berenberg Bank reiterated a hold rating and set a GBX 2,440 ($31.88) target price on shares of Spectris in a research report on Tuesday, June 18th. Finally, Goldman Sachs Group reiterated a sell rating on shares of Spectris in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 2,658.18 ($34.73).

SXS traded up GBX 98 ($1.28) during trading on Thursday, reaching GBX 2,392 ($31.26). 669,752 shares of the company traded hands, compared to its average volume of 390,769. The company has a debt-to-equity ratio of 33.78, a quick ratio of 0.99 and a current ratio of 1.55. The company has a market cap of $2.77 billion and a P/E ratio of 57.92. 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 firm has a fifty day simple moving average of GBX 2,377.38 and a 200 day simple moving average of GBX 2,572.93.

The business also recently announced 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 of this dividend is Thursday, October 10th. This represents a yield of 0.82%. Spectris’s dividend payout ratio (DPR) is presently 1.50%.

Spectris Company Profile

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.

Read More: How Do I Invest in Dividend Stocks

Analyst Recommendations for Spectris (LON:SXS)

Receive News & Ratings for Spectris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectris and related companies with MarketBeat.com's FREE daily email newsletter.