Spectris upped to hold" by Berenberg, highlights self-help levers and dividend attractions – Proactive Investors UK

Posted: March 14, 2020 at 1:44 pm


without comments

The risk to earnings is clearly high but Spectris has self-help levers and our analysis suggests that it is probably better placed than many peers"

Berenberg gave a leg up to () on Friday, upping its rating to hold from sell highlighting the mid-cap instrumentation and controls company's self-help levers and dividend attractions.

The German banks analysts also raised their target price for the FTSE 250-listed stock to 2,250p from 2,065p, with the shares currently trading at 2,366p, up 4,.6% on Thursdays close.

In a note to clients, Berenbergs analysts pointed out: These are unprecedented times and we continue to assess the pros, cons and sensitivities of the UK industrials that we cover.

While Spectriss 2019 results did little to alleviate several of our concerns, we believe it would be wrong to ignore the companys more diversified business model, balance-sheet strength, potential portfolio reshaping and clear commitment to return cash to shareholders in these uncertain times, they added.

The analysts concluded: The risk to earnings is clearly high but Spectris has self-help levers and our analysis suggests that it is probably better placed than many peers. With the 150p special dividend a further attraction, we upgrade to Hold.

See the article here:
Spectris upped to hold" by Berenberg, highlights self-help levers and dividend attractions - Proactive Investors UK

Related Post

Written by admin |

March 14th, 2020 at 1:44 pm

Posted in Self-Help