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

Spectris plc (LON:SXS) was up 9.4% during trading on Thursday . The stock traded as high as GBX 3,114.76 ($38.34) and last traded at GBX 2,955.14 ($36.38). Approximately 472,541 shares traded hands during trading, a decline of 43% from the average daily volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.24).

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of Spectris in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat.com, Spectris presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,707.50 ($57.95).

Spectris Trading Up 9.4 %

The company has a market cap of £2.92 billion, a price-to-earnings ratio of 1,102.66, a price-to-earnings-growth 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’s fifty day moving average price is GBX 2,535.95 and its 200 day moving average price is GBX 2,701.42.

Insiders Place Their Bets

In related news, insider Andrew Heath acquired 2,406 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of GBX 2,480 ($30.53) per share, with a total value of £59,668.80 ($73,456.60). Also, insider Mark Williamson bought 12,116 shares of Spectris stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average price of GBX 2,476 ($30.48) per share, with a total value of £299,992.16 ($369,312.03). In the last 90 days, insiders bought 14,553 shares of company stock worth $36,045,861. 1.21% of the stock is currently owned by insiders.

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.