Spectris (SXS) Reaches New 52-Week Low at $2,217.00

Shares of Spectris plc (LON:SXS) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 2,217 ($28.97) and last traded at GBX 2,217 ($28.97), with a volume of 285605 shares trading hands. The stock had previously closed at GBX 2,296 ($30.00).

Several analysts recently commented on the company. Goldman Sachs Group reaffirmed a “buy” rating on shares of Spectris in a research note on Monday, June 18th. Peel Hunt reissued a “hold” rating on shares of Spectris in a research note on Tuesday, July 24th. Shore Capital reissued a “buy” rating on shares of Spectris in a research note on Tuesday, July 24th. BNP Paribas raised Spectris to an “outperform” rating and boosted their price objective for the stock from GBX 2,550 ($33.32) to GBX 2,700 ($35.28) in a research note on Tuesday, September 18th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Spectris in a research note on Wednesday, September 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 2,803.08 ($36.63).

Spectris (LON:SXS) last released its earnings results on Tuesday, July 24th. The company reported GBX 46.10 ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of GBX 51.80 ($0.68) by GBX (5.70) (($0.07)). Spectris had a return on equity of 37.36% and a net margin of 25.86%.

The company also recently announced a dividend, which will be paid on Friday, November 9th. Stockholders of record on Thursday, October 11th will be given a dividend of GBX 20.50 ($0.27) per share. The ex-dividend date is Thursday, October 11th. This represents a dividend yield of 0.84%.

In other news, insider Karim Bitar bought 650 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was bought at an average price of GBX 2,306 ($30.13) per share, for a total transaction of £14,989 ($19,585.78). Also, insider Clive Watson sold 1,859 shares of the business’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of GBX 2,197 ($28.71), for a total value of £40,842.23 ($53,367.61). In the last 90 days, insiders have bought 1,044 shares of company stock valued at $2,453,118.

About Spectris (LON:SXS)

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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