Insider Buying: Spectris plc (LON:SXS) Insider Acquires 12,116 Shares of Stock

Spectris plc (LON:SXS) insider Mark Williamson acquired 12,116 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of GBX 2,476 ($32.23) per share, with a total value of £299,992.16 ($390,513.10).

Spectris Stock Performance

Spectris stock opened at GBX 2,558 ($33.30) on Wednesday. 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 company has a market capitalization of £2.53 billion, a price-to-earnings ratio of 922.39, a PEG ratio of 2.74 and a beta of 0.61. Spectris plc has a fifty-two week low of GBX 2,370 ($30.85) and a fifty-two week high of GBX 3,861 ($50.26). The stock has a fifty day moving average of GBX 2,677.65 and a two-hundred day moving average of GBX 2,944.58.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Berenberg Bank raised Spectris to a “buy” rating and upped their price objective for the stock from GBX 3,520 ($45.82) to GBX 3,920 ($51.03) in a research report on Wednesday, July 24th. Jefferies Financial Group reduced their price objective on shares of Spectris from GBX 4,435 ($57.73) to GBX 4,190 ($54.54) and set a “buy” rating for the company in a research report on Friday, July 12th. Shore Capital raised shares of Spectris to a “buy” rating in a research report on Monday, September 9th. Finally, Bank of America restated a “buy” rating and issued a GBX 2,950 ($38.40) price objective on shares of Spectris in a research note on Monday, September 2nd. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 4,707.50 ($61.28).

About Spectris

Spectris plc provides precision measurement solutions worldwide. It operates through Spectris Scientific, Spectris Dynamics, and Other segments. The Spectris Scientific segment provides advanced sensors and instruments used to measure, analyze, and characterize materials; and monitor ultra-clean manufacturing environments.