Spectris (LON:SXS) Trading Up 9.4% – Should You Buy?

Spectris plc (LON:SXS)’s share price rose 9.4% during mid-day trading on Thursday . The stock traded as high as GBX 3,114.76 ($38.89) and last traded at GBX 2,955.14 ($36.90). Approximately 472,541 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.71).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of Spectris in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 4,707.50 ($58.78).

Spectris Price Performance

The company’s fifty day moving average price is GBX 2,552.34 and its two-hundred day moving average price is GBX 2,704.91. The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37. The company has a market cap of £2.92 billion, a price-to-earnings ratio of 1,100.75, a PEG ratio of 2.74 and a beta of 0.61.

Insider Transactions at Spectris

In related news, insider Alison Henwood bought 19 shares of Spectris stock in a transaction that occurred on Tuesday, November 12th. The stock was acquired at an average price of GBX 2,599 ($32.45) per share, with a total value of £493.81 ($616.57). Also, insider Andrew Heath bought 2,406 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were acquired at an average price of GBX 2,480 ($30.97) per share, for a total transaction of £59,668.80 ($74,502.19). Insiders bought 14,553 shares of company stock valued at $36,045,861 over the last three months. Company 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.