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

Shares of Spectris plc (LON:SXS - Get Free Report) were up 9.4% on Thursday . The company traded as high as GBX 3,114.76 ($38.47) and last traded at GBX 2,955.14 ($36.50). Approximately 472,541 shares changed 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 ($33.35).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a "buy" rating on shares of Spectris in a research report on Thursday. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 4,707.50 ($58.15).

Spectris Stock Down 1.1 %

The firm has a 50-day moving average of GBX 2,535.95 and a two-hundred day moving average of GBX 2,701.42. The stock has a market capitalization of £2.92 billion, a price-to-earnings ratio of 1,100.75, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37.

Insiders Place Their Bets

In other news, insider Andrew Heath purchased 2,406 shares of the company's stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of GBX 2,480 ($30.63) per share, with a total value of £59,668.80 ($73,701.58). Also, insider Mark Williamson acquired 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 ($30.58) per share, with a total value of £299,992.16 ($370,543.68). Insiders have bought a total of 14,553 shares of company stock valued at $36,045,861 in the last three months. 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.