Spectris (LON:SXS) Hits New 1-Year Low at $2,748.00

Spectris plc (LON:SXS) shares reached a new 52-week low on Wednesday . The company traded as low as GBX 2,748 ($34.86) and last traded at GBX 2,757.80 ($34.98), with a volume of 677404 shares traded. The stock had previously closed at GBX 2,790 ($35.39).

Analyst Ratings Changes

SXS has been the topic of a number of analyst reports. Shore Capital restated a “sell” rating on shares of Spectris in a research note on Wednesday, June 19th. Barclays reaffirmed an “overweight” rating and issued a GBX 4,250 ($53.91) price objective on shares of Spectris in a research note on Friday, May 3rd. Numis Securities reissued a “buy” rating and set a GBX 4,435 ($56.26) target price on shares of Spectris in a research note on Thursday, April 11th. Stifel Nicolaus cut Spectris to a “sell” rating and set a GBX 8,500 ($107.83) price target on the stock. in a report on Friday, March 8th. Finally, Berenberg Bank cut their price objective on shares of Spectris from GBX 3,780 ($47.95) to GBX 3,520 ($44.65) and set a “hold” rating for the company in a report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of GBX 6,441 ($81.71).

Spectris Trading Up 0.6 %

The stock has a fifty day moving average price of GBX 3,204.17 and a 200 day moving average price of GBX 3,403.19. The stock has a market cap of £2.79 billion, a PE ratio of 1,995.68, a PEG ratio of 2.74 and a beta of 0.69. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.03 and a current ratio of 1.89.

Insider Buying and Selling at Spectris

In other news, insider Alison Henwood purchased 1,053 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was purchased at an average cost of GBX 3,266 ($41.43) per share, with a total value of £34,390.98 ($43,626.77). In other Spectris news, insider Derek Harding sold 1,909 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of GBX 3,201 ($40.61), for a total value of £61,107.09 ($77,517.56). Also, insider Alison Henwood acquired 1,053 shares of Spectris stock in a transaction on Friday, May 24th. The shares were purchased at an average price of GBX 3,266 ($41.43) per share, for a total transaction of £34,390.98 ($43,626.77). Insiders have bought 1,061 shares of company stock worth $3,465,350 over the last quarter. Insiders own 1.23% of the company’s stock.

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.