Spectris (LON:SXS) Trading Up 9.4% – Still a Buy?

Spectris plc (LON:SXS) shares rose 9.4% during trading 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 traded 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).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “buy” rating on shares of Spectris in a research report on Thursday. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 4,707.50 ($58.15).

Spectris Price Performance

The business’s fifty day moving average is GBX 2,535.95 and its 200 day moving average is GBX 2,701.42. The company has a market cap of £2.92 billion, a P/E ratio of 1,102.66, 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.

Insider Buying and Selling at Spectris

In other Spectris news, insider Alison Henwood acquired 19 shares of Spectris stock in a transaction that occurred on Tuesday, November 12th. The stock was acquired at an average cost of GBX 2,599 ($32.10) per share, for a total transaction of £493.81 ($609.94). Also, insider Mark Williamson bought 12,116 shares of the stock in a transaction on Tuesday, November 5th. The shares were acquired at an average cost of GBX 2,476 ($30.58) per share, for a total transaction of £299,992.16 ($370,543.68). Insiders have bought a total of 14,553 shares of company stock worth $36,045,861 over the last ninety days. 1.21% of the stock is currently owned by company insiders.

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.