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

Shares of Spectris plc (LON:SXS) shot up 9.4% during mid-day trading on Thursday . The company 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 reiterated a “buy” rating on shares of Spectris in a research report 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. According to MarketBeat, Spectris presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,707.50 ($58.15).

Spectris Stock Up 9.4 %

The firm has a market cap of £2.92 billion, a price-to-earnings ratio of 1,102.66, a PEG ratio of 2.74 and a beta of 0.61. 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 business has a fifty day simple moving average of GBX 2,535.95 and a 200 day simple moving average of GBX 2,701.42.

Insider Buying and Selling at Spectris

In other news, insider Alison Henwood acquired 19 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average price of GBX 2,599 ($32.10) per share, for a total transaction of £493.81 ($609.94). Also, insider Andrew Heath purchased 2,406 shares of Spectris stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of GBX 2,480 ($30.63) per share, for a total transaction of £59,668.80 ($73,701.58). Insiders have bought 14,553 shares of company stock worth $36,045,861 in the last ninety days. 1.21% of the stock is owned by insiders.

About Spectris

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.