Spectris (LON:SXS) Stock Price Up 9.4% – Should You Buy?

Shares of Spectris plc (LON:SXS) rose 9.4% during trading on Friday . The stock traded as high as GBX 3,114.76 ($38.88) and last traded at GBX 2,955.14 ($36.89). Approximately 472,541 shares traded hands 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 ($33.70).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “buy” rating on shares of Spectris in a report on Thursday. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Spectris has an average rating of “Moderate Buy” and a consensus price target of GBX 4,707.50 ($58.76).

Spectris Price Performance

The company has a market cap of £2.92 billion, a price-to-earnings ratio of 1,100.75, a PEG ratio of 2.74 and a beta of 0.61. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37. The company’s 50 day moving average price is GBX 2,552.34 and its 200 day moving average price is GBX 2,703.79.

Insider Transactions at Spectris

In related news, insider Mark Williamson acquired 12,116 shares of Spectris stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of GBX 2,476 ($30.91) per share, for a total transaction of £299,992.16 ($374,475.30). Also, insider Andrew Heath acquired 2,406 shares of Spectris stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average price of GBX 2,480 ($30.96) per share, with a total value of £59,668.80 ($74,483.59). In the last quarter, insiders bought 14,553 shares of company stock worth $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.