Spectris (LON:SXS) Shares Up 9.4% – Should You Buy?

Spectris plc (LON:SXS)’s share price traded up 9.4% during trading on Thursday . The company traded as high as GBX 3,114.76 ($38.89) and last traded at GBX 2,955.14 ($36.90). 472,541 shares were traded during trading, a decline of 43% from the average session volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.71).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “buy” rating on shares of Spectris in a report on Thursday. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 4,707.50 ($58.78).

Spectris Stock Down 1.1 %

The company’s 50 day moving average price is GBX 2,552.34 and its two-hundred day moving average price is GBX 2,704.91. 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 firm has a market cap of £2.92 billion, a PE ratio of 1,100.75, a PEG ratio of 2.74 and a beta of 0.61.

Insider Buying and Selling

In other news, insider Alison Henwood purchased 19 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was acquired at an average cost of GBX 2,599 ($32.45) per share, for a total transaction of £493.81 ($616.57). Also, insider Mark Williamson acquired 12,116 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average price of GBX 2,476 ($30.92) per share, for a total transaction of £299,992.16 ($374,568.81). In the last three months, insiders have purchased 14,553 shares of company stock valued at $36,045,861. 1.21% of the stock is 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.