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

Spectris plc (LON:SXS)’s stock price rose 9.4% on Thursday . The company traded as high as GBX 3,114.76 ($38.89) and last traded at GBX 2,955.14 ($36.90). Approximately 472,541 shares were traded 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 reissued a “buy” rating on shares of Spectris in a research report on Thursday. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,707.50 ($58.78).

Spectris Price Performance

The stock’s 50-day moving average is GBX 2,552.34 and its 200 day moving average is GBX 2,704.91. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. The company has a market cap of £2.92 billion, a PE ratio of 1,100.75, a PEG ratio of 2.74 and a beta of 0.61.

Insider Activity

In other Spectris news, insider Alison Henwood acquired 19 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was acquired at an average cost of GBX 2,599 ($32.45) per share, for a total transaction of £493.81 ($616.57). Also, insider Mark Williamson acquired 12,116 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average price of GBX 2,476 ($30.92) per share, for a total transaction of £299,992.16 ($374,568.81). Over the last three months, insiders have bought 14,553 shares of company stock valued at $36,045,861. 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.