Spectris plc (LON:SXS) Receives GBX 4,707.50 Average Target Price from Brokerages

Spectris plc (LON:SXS) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 4,707.50 ($58.76).

Separately, Shore Capital reissued a “buy” rating on shares of Spectris in a report on Thursday.

Insiders Place Their Bets

In related news, insider Mark Williamson purchased 12,116 shares of Spectris stock in a transaction on Tuesday, November 5th. The shares were 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 purchased 2,406 shares of Spectris stock in a transaction on Thursday, November 14th. The stock was bought at an average price of GBX 2,480 ($30.96) per share, for a total transaction of £59,668.80 ($74,483.59). Insiders bought a total of 14,553 shares of company stock valued at $36,045,861 in the last 90 days. Corporate insiders own 1.21% of the company’s stock.

Spectris Trading Down 1.1 %

LON SXS opened at GBX 2,950 ($36.82) on Thursday. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. Spectris has a one year low of GBX 2,370 ($29.58) and a one year high of GBX 3,803 ($47.47). The firm has a market cap of £2.92 billion, a P/E ratio of 1,100.75, a P/E/G ratio of 2.74 and a beta of 0.61. The stock’s 50-day moving average is GBX 2,552.34 and its 200-day moving average is GBX 2,703.79.

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.