Spectris plc

SXS

GB0003308607

Electronic Equipment & Parts

Market Closed - London S.E. Other stock markets 11:35:08 2024-04-26 am EDT			5-day change	1st Jan Change
3,274 ^GBX	+0.61%		+3.02%	-13.36%

Apr. 26	U.S. Futures, European Stocks Edge Up	DJ
Apr. 03	Spectris Closes $345 Million Divestment of Red Lion Controls to HMS Networks	MT

Spectris begins first part of GBP150 million share buyback

December 13, 2023 at 04:44 am EST

Spectris PLC - London-based supplier of high-tech instruments, test equipment and software for industrial applications - Commences first tranche of up to GBP150 million buyback programme announced on Monday. Company will repurchase a maximum of 8.2 million shares for total consideration of GBP50.0 million. Spectris on Monday said it sold its Red Lion Controls unit for USD345 million.

Current stock price: 3,616.00 pence, up 0.4% on Wednesday morning in London

12-month change: up 13%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Spectris plc

U.S. Futures, European Stocks Edge Up	Apr. 26	DJ
Spectris Closes $345 Million Divestment of Red Lion Controls to HMS Networks	Apr. 03	MT
HMS Networks Completes $345 Million Purchase of Red Lion Controls from Spectris	Apr. 03	MT
HMS Networks AB (OM:HMS) completed the acquisition of Red Lion Controls, Inc. from Spectris plc for approximately $350 million.	Apr. 01	CI
EXECUTIVE CHANGES: Spectris adds former Spirax CEO Anderson to board	Mar. 28	AN
Spectris plc Appoints Nick Anderson as Non-Executive Director and Member of Nomination and Governance Committee, Effective 1 June 2024	Mar. 28	CI
Spectris plc Announces Directorate and Board Committee Membership Changes	Mar. 18	CI
Jefferies says buy BP; UBS says buy Compass	Mar. 04	AN
Rotork adds Spectris CEO and Landsec CFO to board	Mar. 01	AN
FTSE 100 Edges Higher on Leap Day, Boosted by Howden Joinery, Haleon Gains	Feb. 29	DJ
Spectris annual profit surges on higher sales; lifts dividend	Feb. 29	AN
Spectris to Seek Acquisitions	Feb. 29	CI
Transcript : Spectris plc, 2023 Earnings Call, Feb 29, 2024	Feb. 29
Spectris Logs Decline in FY23 Attributable Profit; Revenue Rises	Feb. 29	MT
Tranche Update on Spectris plc's Equity Buyback Plan announced on December 11, 2023.	Feb. 29	CI
Tranche Update on Spectris plc's Equity Buyback Plan announced on April 19, 2022.	Feb. 29	CI
Spectris plc Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 29	CI
Bank of American Downgrades Spectris to Neutral from Buy, Trims PT	Jan. 08	MT
Barclays cuts Berkley and Barratt, ups Bellway	Jan. 08	AN
Spectris plc's Equity Buyback announced on April 19, 2022, has closed with 9,597,801 shares, representing 8.88% for £300 million.	Dec. 30	CI
Spectris begins first part of GBP150 million share buyback	Dec. 13	AN
FTSE 100 up as investors shake off US CPI nerves	Dec. 12	AN
Spectris Sells Red Lion Controls to HMS Networks in $345 Million Deal	Dec. 12	MT
Sweden's HMS Networks to Buy US-based Red Lion Controls for $345 Million	Dec. 12	MT
Surface Transforms signs GBP13.2 million loan deal	Dec. 11	AN

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Company Profile

Spectris plc is a United Kingdom-based company that provides critical insights to its customers through precision measurement solutions combined with technical expertise and domain knowledge. The Company provides high-tech instruments, test equipment and software for technically demanding industrial applications. The Company operates through two segments: Spectris Scientific and Spectris Dynamics. Spectris Scientific segment provides advanced sensors and instruments used to measure, analyze, and characterize materials, as well as monitor ultra-clean manufacturing environments. The operating companies in this segment are Malvern Panalytical Limited and Particle Measuring Systems, Inc. Spectris Dynamics segment provides differentiated sensing, data acquisition, analysis modelling and simulation solutions to help customers accelerate product development and enhance product performance.

Sector

Electronic Equipment & Parts

Calendar

2024-05-01 - Q1 2024 Earnings Release

Related indices

STOXX EUROPE 600 (EUR)

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Ratings for Spectris plc

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

32.74 GBP

Average target price

37.45 GBP

Spread / Average Target

+14.37%

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Other Electronic Equipment & Parts

Spectris plc

Equities

SXS

GB0003308607

Electronic Equipment & Parts

Spectris begins first part of GBP150 million share buyback

EPS Revisions