Goldman Sachs Group reiterated their sell rating on shares of Spectris (LON:SXS) in a report published on Friday morning, ThisIsMoney.Co.Uk reports.
Several other equities analysts also recently commented on SXS. Morgan Stanley downgraded Spectris to an equal weight rating in a report on Thursday, July 11th. Deutsche Bank reiterated a buy rating on shares of Spectris in a report on Friday, July 12th. Shore Capital reiterated a hold rating on shares of Spectris in a report on Thursday, September 19th. Peel Hunt reiterated an add rating on shares of Spectris in a report on Monday, July 29th. Finally, Jefferies Financial Group reiterated a buy rating on shares of Spectris in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Spectris presently has an average rating of Hold and an average target price of GBX 2,658.18 ($34.73).
SXS stock traded up GBX 98 ($1.28) during midday trading on Friday, hitting GBX 2,392 ($31.26). 669,752 shares of the company traded hands, compared to its average volume of 390,769. Spectris has a twelve month low of GBX 1,924.50 ($25.15) and a twelve month high of GBX 2,932 ($38.31). The company has a quick ratio of 0.99, a current ratio of 1.55 and a debt-to-equity ratio of 33.78. The business has a 50 day simple moving average of GBX 2,377.38 and a 200-day simple moving average of GBX 2,572.93. The stock has a market capitalization of $2.77 billion and a price-to-earnings ratio of 57.92.
The business also recently disclosed a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 10th will be paid a GBX 21.90 ($0.29) dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a dividend yield of 0.82%. Spectris’s payout ratio is 1.50%.
Spectris Company Profile
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.
Further Reading: How Do You Calculate Return on Equity (ROE)?
Receive News & Ratings for Spectris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectris and related companies with MarketBeat.com's FREE daily email newsletter.