Derek Harding Purchases 6 Shares of Spectris plc (LON:SXS) Stock

Spectris plc (LON:SXS - Get Free Report) insider Derek Harding purchased 6 shares of Spectris stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of GBX 2,667 ($34.53) per share, with a total value of £160.02 ($207.17).

Spectris Stock Performance

Spectris stock traded down GBX 59.20 ($0.77) during midday trading on Tuesday, hitting GBX 2,454.80 ($31.78). The stock had a trading volume of 20,385,135 shares, compared to its average volume of 1,861,013. The firm's fifty day moving average is GBX 2,796.82 and its two-hundred day moving average is GBX 2,681.49. The company has a market capitalization of £2.44 billion, a PE ratio of 9.09, a P/E/G ratio of 2.74 and a beta of 0.61. Spectris plc has a 52-week low of GBX 2,370 ($30.68) and a 52-week high of GBX 3,430 ($44.41). The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37.

Spectris (LON:SXS - Get Free Report) last released its earnings results on Friday, February 28th. The company reported GBX 148.10 ($1.92) earnings per share (EPS) for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. On average, research analysts forecast that Spectris plc will post 194.7972456 EPS for the current year.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "buy" rating on shares of Spectris in a research report on Thursday, January 23rd. Six analysts have rated the stock with a buy rating, According to MarketBeat, Spectris has a consensus rating of "Buy" and an average price target of GBX 3,949 ($51.13).

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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.