Spectris plc (LON:SXS) Receives GBX 4,707.50 Consensus Price Target from Analysts

Spectris plc (LON:SXS - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 4,707.50 ($57.95).

Separately, Shore Capital reiterated a "buy" rating on shares of Spectris in a research note on Thursday.

Spectris Trading Up 9.4 %

Shares of LON SXS traded up GBX 255.14 ($3.14) during mid-day trading on Thursday, reaching GBX 2,955.14 ($36.38). The company had a trading volume of 472,541 shares, compared to its average volume of 829,068. 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 stock 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 business's 50-day moving average is GBX 2,535.95 and its 200-day moving average is GBX 2,701.42. Spectris has a 52 week low of GBX 2,370 ($29.18) and a 52 week high of GBX 3,803 ($46.82).

Insider Buying and Selling

In other news, insider Andrew Heath bought 2,406 shares of the stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of GBX 2,480 ($30.53) per share, with a total value of £59,668.80 ($73,456.60). Also, insider Mark Williamson purchased 12,116 shares of the stock in a transaction on Tuesday, November 5th. The shares were acquired at an average price of GBX 2,476 ($30.48) per share, for a total transaction of £299,992.16 ($369,312.03). Insiders have purchased a total of 14,553 shares of company stock valued at $36,045,861 over the last ninety days. 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.