Spectris’ (SXS) “Hold” Rating Reiterated at Liberum Capital

Liberum Capital reiterated their hold rating on shares of Spectris (LON:SXS) in a research note published on Tuesday.

Several other brokerages have also recently issued reports on SXS. HSBC cut their price objective on Spectris from GBX 2,750 ($35.93) to GBX 2,250 ($29.40) and set a hold rating on the stock in a research note on Tuesday, October 30th. Peel Hunt restated an add rating on shares of Spectris in a research note on Tuesday, January 8th. JPMorgan Chase & Co. restated an overweight rating on shares of Spectris in a research note on Thursday, February 7th. BNP Paribas dropped their price target on Spectris from GBX 2,550 ($33.32) to GBX 2,350 ($30.71) and set an outperform rating on the stock in a research report on Friday, January 25th. Finally, Bank of America reiterated a buy rating and set a GBX 2,800 ($36.59) price target on shares of Spectris in a research report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 2,735.71 ($35.75).

Shares of LON SXS opened at GBX 2,643 ($34.54) on Tuesday. Spectris has a 52-week low of GBX 2,225 ($29.07) and a 52-week high of GBX 2,869 ($37.49).

Spectris (LON:SXS) last announced its quarterly earnings data on Tuesday, February 19th. The company reported GBX 164.90 ($2.15) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 155.20 ($2.03) by GBX 9.70 ($0.13).

The business also recently declared a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 23rd will be given a dividend of GBX 40.50 ($0.53) per share. This represents a dividend yield of 1.55%. This is a boost from Spectris’s previous dividend of $20.50. The ex-dividend date is Thursday, May 23rd.

In related news, insider Karim Bitar purchased 680 shares of the company’s stock in a transaction dated Monday, December 17th. The shares were acquired at an average cost of GBX 2,203 ($28.79) per share, for a total transaction of £14,980.40 ($19,574.55). Insiders have bought a total of 692 shares of company stock worth $1,526,847 over the last quarter.

About Spectris

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.

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Analyst Recommendations for Spectris (LON:SXS)

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