Spectris (SXS)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

4,047.00p
   
  • Change Today:
    -36.00p
  • 52 Week High: 4,094.00
  • 52 Week Low: 2,380.00
  • Currency: UK Pounds
  • Shares Issued: 111.60m
  • Volume: 307,729
  • Market Cap: £4,516.32m
  • RiskGrade: 107

Spectris share-price rise is unjustified, Shore Capital says

By Sean Farrell

Date: Friday 23 Apr 2021

LONDON (ShareCast) - (Sharecast News) - The rise in Spectris's shares is not justified, Shore Capital said as the broker reiterated its 'sell' rating for the maker of precision measurement instruments.
Spectris reported a strengthening order book and performance ahead of management expectations on Thursday. Like-for-like sales rose 5% in the fourth quarter as booming sales in Asia more than offset declines in other markets.

Shore analyst Tom Fraine said he expected to upgrade forecasts for adjusted operating profit by 3% for 2021 and 2022. He also noted the scope for operational leverage from a lower cost base.

The FTSE 250 company has good growth opportunities and impressive margin improvements may get better as sales volumes recover, Fraine said. But he said these attributes were more than captured by Spectris's share price which has the stock trading at 25 times Shore's earnings per share forecast for 2021.

"The shares have interestingly underperformed across Q2 and Q3 in each of the past ten years," Fraine wrote in a note to clients. "Although a strong order book and positive momentum could suggest this seasonal underperformance may be avoided in 2021, we believe the 30% share price appreciation over the past 12 months is unjustified given that recent earnings upgrades ... do not offset previous downgrades."

Spectris shares rose 0.9% to £33.49 at 12:18 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Spectris Market Data

Currency UK Pounds
Share Price 4,047.00p
Change Today -36.00p
% Change -0.88 %
52 Week High 4,094.00
52 Week Low 2,380.00
Volume 307,729
Shares Issued 111.60m
Market Cap £4,516.32m
RiskGrade 107

Spectris Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
53.02% below the market average53.02% below the market average53.02% below the market average53.02% below the market average53.02% below the market average
65.71% above the sector average65.71% above the sector average65.71% above the sector average65.71% above the sector average65.71% above the sector average
Price Trend
74.39% above the market average74.39% above the market average74.39% above the market average74.39% above the market average74.39% above the market average
18.92% above the sector average18.92% above the sector average18.92% above the sector average18.92% above the sector average18.92% above the sector average
Income
55.35% below the market average55.35% below the market average55.35% below the market average55.35% below the market average55.35% below the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average
Growth
50.39% below the market average50.39% below the market average50.39% below the market average50.39% below the market average50.39% below the market average
70.59% below the sector average70.59% below the sector average70.59% below the sector average70.59% below the sector average70.59% below the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 4
Sell 0
Strong Sell 2
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Spectris Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Oct-21 13-May-21
Paid 12-Nov-21 30-Jun-21
Amount 23.00p 46.50p

Trades for 24-Sep-2021

Time Volume / Share Price
16:35 94,723 @ 4,047.00p
16:29 1 @ 4,055.00p
16:29 4 @ 4,055.00p
16:29 1 @ 4,055.00p
16:29 50 @ 4,055.00p

Spectris Key Personnel

CEO Andrew Heath
CFO Derek Harding

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