Spectris (LON:SXS) Stock Price Up 9.4% – Time to Buy?

Spectris plc (LON:SXS)’s share price traded up 9.4% during mid-day trading on Friday . The stock traded as high as GBX 3,114.76 ($38.47) and last traded at GBX 2,955.14 ($36.50). 472,541 shares traded hands during trading, a decline of 43% from the average session volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.35).

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of Spectris in a research note on Thursday. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Spectris currently has an average rating of “Moderate Buy” and a consensus price target of GBX 4,707.50 ($58.15).

Spectris Price Performance

The stock has a 50 day moving average of GBX 2,535.95 and a two-hundred day moving average of GBX 2,701.42. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. The firm has a market capitalization of £2.98 billion, a P/E ratio of 1,125.37, a P/E/G ratio of 2.74 and a beta of 0.61.

Insider Buying and Selling at Spectris

In other news, insider Mark Williamson purchased 12,116 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average cost of GBX 2,476 ($30.58) per share, for a total transaction of £299,992.16 ($370,543.68). Also, insider Andrew Heath acquired 2,406 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was acquired at an average price of GBX 2,480 ($30.63) per share, for a total transaction of £59,668.80 ($73,701.58). Insiders have purchased a total of 14,553 shares of company stock worth $36,045,861 over the last 90 days. Insiders own 1.21% of the company’s stock.

Spectris Company Profile

The experts in providing insight through precision measurement.

Our purpose is to deliver value beyond measure – going beyond just the measurement.

Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software.

Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently.

This equips them with the ability to reduce time to market, improve processes, quality and yield.