Bank of America reaffirmed their buy rating on shares of Spectris (LON:SXS – Free Report) in a report issued on Monday morning, Digital Look reports. The firm currently has a GBX 2,950 ($38.79) price objective on the stock.
SXS has been the topic of several other research reports. Berenberg Bank raised Spectris to a buy rating and lifted their target price for the company from GBX 3,520 ($46.29) to GBX 3,920 ($51.55) in a research note on Wednesday, July 24th. Jefferies Financial Group reduced their price objective on shares of Spectris from GBX 4,435 ($58.32) to GBX 4,190 ($55.10) and set a buy rating on the stock in a research report on Friday, July 12th. Finally, Shore Capital reissued a hold rating on shares of Spectris in a report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of GBX 5,677.86 ($74.66).
Spectris Stock Performance
Spectris Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be issued a dividend of GBX 26.60 ($0.35) per share. The ex-dividend date is Thursday, October 3rd. This represents a yield of 0.89%. Spectris’s payout ratio is 3,011.15%.
Insider Transactions at Spectris
In other news, insider Mark Williamson acquired 706 shares of Spectris stock in a transaction on Monday, August 5th. The shares were bought at an average cost of GBX 2,832 ($37.24) per share, for a total transaction of £19,993.92 ($26,290.49). Over the last three months, insiders have purchased 715 shares of company stock valued at $2,026,832. 1.25% of the stock is currently owned by company insiders.
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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