Spectris’ (SXS) Sell Rating Reiterated at Goldman Sachs Group

Goldman Sachs Group reaffirmed their sell rating on shares of Spectris (LON:SXS) in a report published on Friday morning, ThisIsMoney.Co.Uk reports.

A number of other equities analysts also recently commented on SXS. Morgan Stanley restated an overweight rating on shares of Spectris in a report on Monday, January 14th. Liberum Capital restated a hold rating on shares of Spectris in a report on Tuesday, February 19th. Shore Capital restated a hold rating on shares of Spectris in a report on Tuesday, February 19th. Peel Hunt restated an add rating on shares of Spectris in a report on Tuesday, January 8th. Finally, Bank of America restated a buy rating and set a GBX 2,800 ($36.59) target price on shares of Spectris in a report on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 2,656.92 ($34.72).

Shares of Spectris stock opened at GBX 2,748 ($35.91) on Friday. The company has a debt-to-equity ratio of 30.03, a quick ratio of 1.03 and a current ratio of 1.60. The company has a market capitalization of $3.18 billion and a price-to-earnings ratio of 17.51. Spectris has a one year low of GBX 1,924.50 ($25.15) and a one year high of GBX 2,957 ($38.64).

Spectris (LON:SXS) last announced its quarterly earnings results on Tuesday, February 19th. The company reported GBX 164.90 ($2.15) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 155.20 ($2.03) by GBX 9.70 ($0.13). As a group, equities analysts expect that Spectris will post 17117.9994541546 EPS for the current fiscal year.

The firm also recently announced a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 23rd will be issued a dividend of GBX 40.50 ($0.53) per share. This represents a dividend yield of 1.55%. The ex-dividend date is Thursday, May 23rd. This is an increase from Spectris’s previous dividend of $20.50. Spectris’s dividend payout ratio is currently 0.39%.

In other Spectris news, insider Clive Watson sold 8,504 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of GBX 2,742 ($35.83), for a total value of £233,179.68 ($304,690.55). Also, insider Derek Harding acquired 4,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was purchased at an average price of GBX 2,658 ($34.73) per share, with a total value of £106,320 ($138,925.91).

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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