Spectris plc (LON:SXS) Insider Derek Harding Purchases 5 Shares

Spectris plc (LON:SXS) insider Derek Harding acquired 5 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of GBX 2,865 ($37.47) per share, with a total value of £143.25 ($187.33).

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

• On Wednesday, August 7th, Derek Harding acquired 5 shares of Spectris stock. The stock was purchased at an average price of GBX 2,876 ($37.61) per share, with a total value of £143.80 ($188.05).

Spectris Trading Up 2.9 %

Shares of SXS opened at GBX 2,830 ($37.01) on Tuesday. The company has a market capitalization of £2.84 billion, a P/E ratio of 1,052.04, a P/E/G ratio of 2.74 and a beta of 0.61. Spectris plc has a 1-year low of GBX 2,728 ($35.67) and a 1-year high of GBX 3,861 ($50.49). The firm’s 50 day simple moving average is GBX 2,952.55 and its 200 day simple moving average is GBX 3,149.35. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03.

Spectris Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd will be paid a dividend of GBX 26.60 ($0.35) per share. This represents a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, October 3rd. Spectris’s dividend payout ratio (DPR) is presently 3,011.15%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Bank of America restated a “buy” rating and issued a GBX 2,950 ($38.58) price objective on shares of Spectris in a research report on Monday, September 2nd. Shore Capital raised shares of Spectris to a “buy” rating in a research note on Monday. Berenberg Bank raised shares of Spectris to a “buy” rating and raised their target price for the company from GBX 3,520 ($46.03) to GBX 3,920 ($51.26) in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group lowered their target price on shares of Spectris from GBX 4,435 ($58.00) to GBX 4,190 ($54.79) and set a “buy” rating on the stock in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 4,707.50 ($61.56).

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.