Spectris (LON:SXS) Hits New 52-Week Low at $2,726.00

Shares of Spectris plc (LON:SXS) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 2,726 ($36.01) and last traded at GBX 2,742 ($36.22), with a volume of 88724 shares. The stock had previously closed at GBX 2,806 ($37.07).

Analyst Ratings Changes

A number of brokerages have commented on SXS. Bank of America reissued a “buy” rating and set a GBX 2,950 ($38.97) target price on shares of Spectris in a report on Monday, September 2nd. Shore Capital upgraded Spectris to a “buy” rating in a report on Monday, September 9th. Jefferies Financial Group dropped their target price on shares of Spectris from GBX 4,435 ($58.59) to GBX 4,190 ($55.35) and set a “buy” rating for the company in a report on Friday, July 12th. Finally, Berenberg Bank raised shares of Spectris to a “buy” rating and raised their price target for the stock from GBX 3,520 ($46.50) to GBX 3,920 ($51.78) in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 4,707.50 ($62.19).

Spectris Stock Performance

The firm has a fifty day moving average price of GBX 2,934.62 and a 200 day moving average price of GBX 3,106.20. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37. The firm has a market cap of £2.76 billion, a PE ratio of 1,025.37, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61.

Spectris Cuts Dividend

The company also recently announced 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 yield of 0.89%. The ex-dividend date is Thursday, October 3rd. Spectris’s dividend payout ratio (DPR) is presently 3,022.39%.

Insider Buying and Selling at Spectris

In other news, insider Mark Williamson purchased 706 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of GBX 2,832 ($37.41) per share, for a total transaction of £19,993.92 ($26,412.05). Insiders have bought 716 shares of company stock worth $2,028,097 in the last ninety days. 1.26% of the stock is owned by insiders.

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.