Spectris plc (LON:SXS) Insider Buys £131.92 in Stock

Spectris plc (LON:SXS) insider Derek Harding acquired 4 shares of the stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average price of GBX 3,298 ($41.43) per share, for a total transaction of £131.92 ($165.73).

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

• On Friday, April 5th, Derek Harding sold 1,909 shares of Spectris stock. The stock was sold at an average price of GBX 3,201 ($40.21), for a total transaction of £61,107.09 ($76,767.70).

Spectris Trading Down 0.5 %

Shares of SXS stock traded down GBX 16 ($0.20) on Thursday, reaching GBX 3,314 ($41.63). 104,831 shares of the stock were exchanged, compared to its average volume of 234,835. The stock has a 50 day moving average price of GBX 3,284.31 and a 200 day moving average price of GBX 3,426.32. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.89 and a quick ratio of 1.03. The stock has a market cap of £3.34 billion, a PE ratio of 2,382.31, a P/E/G ratio of 2.74 and a beta of 0.72. Spectris plc has a one year low of GBX 2,917 ($36.65) and a one year high of GBX 3,883.85 ($48.79).

Spectris Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 16th will be given a dividend of GBX 53.90 ($0.68) per share. This is a boost from Spectris’s previous dividend of $25.30. The ex-dividend date of this dividend is Thursday, May 16th. This represents a dividend yield of 1.49%. Spectris’s payout ratio is currently 5,642.86%.

Wall Street Analyst Weigh In

Several brokerages recently commented on SXS. Numis Securities reiterated a “buy” rating and issued a GBX 4,435 ($55.72) price target on shares of Spectris in a research report on Thursday, April 11th. Stifel Nicolaus downgraded shares of Spectris to a “sell” rating and set a GBX 8,500 ($106.78) price target for the company. in a report on Friday, March 8th. Berenberg Bank decreased their price objective on shares of Spectris from GBX 3,780 ($47.49) to GBX 3,520 ($44.22) and set a “hold” rating on the stock in a research note on Friday, March 1st. Barclays reaffirmed an “overweight” rating and set a GBX 4,250 ($53.39) price target on shares of Spectris in a report on Friday, May 3rd. Finally, Shore Capital cut Spectris to a “sell” rating in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Spectris presently has an average rating of “Hold” and a consensus target price of GBX 6,078.33 ($76.36).

Spectris Company Profile

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.