Several other brokerages also recently issued reports on SXS. Jefferies Group reiterated a buy rating and issued a GBX 3,175 ($44.88) price target on shares of Spectris in a report on Thursday, February 22nd. Numis Securities upgraded Spectris to a hold rating and set a GBX 2,800 ($39.58) price target for the company in a report on Tuesday, February 20th. JPMorgan Chase reiterated an overweight rating and issued a GBX 2,900 ($40.99) price target on shares of Spectris in a report on Tuesday, February 20th. Deutsche Bank increased their price target on Spectris from GBX 2,860 ($40.42) to GBX 2,960 ($41.84) and gave the company a buy rating in a report on Monday, February 26th. Finally, Morgan Stanley increased their price target on Spectris from GBX 2,870 ($40.57) to GBX 2,890 ($40.85) and gave the company an overweight rating in a report on Tuesday, February 20th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Spectris presently has an average rating of Buy and a consensus price target of GBX 2,809.17 ($39.71).
SXS stock opened at GBX 2,671 ($37.75) on Monday. Spectris has a 52 week low of GBX 2,225 ($31.45) and a 52 week high of GBX 2,869 ($40.55).
The firm also recently announced a dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, May 24th will be paid a dividend of GBX 37.50 ($0.53) per share. The ex-dividend date is Thursday, May 24th. This is an increase from Spectris’s previous dividend of $19.00. This represents a dividend yield of 1.36%.
In other news, insider John O’Higgins sold 2,837 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of GBX 2,701 ($38.18), for a total transaction of £76,627.37 ($108,307.24).
WARNING: “Spectris (SXS) Stock Rating Reaffirmed by Peel Hunt” was originally reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://dakotafinancialnews.com/2018/04/13/spectris-sxs-stock-rating-reaffirmed-by-peel-hunt.html.
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.
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.