Shares of Spectris plc (LON:SXS – Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 2,496 ($32.67) and last traded at GBX 2,506 ($32.80), with a volume of 382257 shares. The stock had previously closed at GBX 2,568 ($33.61).
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on SXS. Jefferies Financial Group reduced their price objective on shares of Spectris from GBX 4,435 ($58.04) to GBX 4,190 ($54.84) and set a “buy” rating on the stock in a research report on Friday, July 12th. Shore Capital upgraded Spectris to a “buy” rating in a research note on Monday, September 9th. Bank of America reiterated a “buy” rating and set a GBX 2,950 ($38.61) target price on shares of Spectris in a research report on Monday, September 2nd. Finally, Berenberg Bank upgraded shares of Spectris to a “buy” rating and upped their price target for the stock from GBX 3,520 ($46.07) to GBX 3,920 ($51.30) in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,707.50 ($61.61).
Check Out Our Latest Stock Report on SXS
Spectris Stock Performance
Spectris Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd will be given 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 3,022.39%.
Insider Transactions at Spectris
In other Spectris news, insider Mark Williamson acquired 706 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of GBX 2,832 ($37.06) per share, with a total value of £19,993.92 ($26,166.63). In the last quarter, insiders acquired 716 shares of company stock valued at $2,028,097. Company insiders own 1.26% of the company’s stock.
About Spectris
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.
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