Analysts Set Spectris plc (LON:SXS) Price Target at GBX 4,707.50

Spectris plc (LON:SXS) has received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 4,707.50 ($59.76).

Several research firms have recently commented on SXS. Bank of America reaffirmed a “buy” rating and set a GBX 2,950 ($37.45) target price on shares of Spectris in a report on Monday, September 2nd. Shore Capital upgraded Spectris to a “buy” rating in a research note on Monday, September 9th.

Insider Activity

In related news, insider Mark Williamson acquired 12,116 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of GBX 2,476 ($31.43) per share, for a total transaction of £299,992.16 ($380,797.36). Also, insider Andrew Heath bought 2,406 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average price of GBX 2,480 ($31.48) per share, with a total value of £59,668.80 ($75,741.05). Over the last ninety days, insiders have acquired 14,546 shares of company stock valued at $36,029,802. Company insiders own 1.21% of the company’s stock.

Spectris Trading Up 1.1 %

LON SXS opened at GBX 2,544 ($32.29) on Friday. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. Spectris has a one year low of GBX 2,370 ($30.08) and a one year high of GBX 3,861 ($49.01). The company has a 50-day simple moving average of GBX 2,573.31 and a 200-day simple moving average of GBX 2,861.67. The firm has a market capitalization of £2.51 billion, a PE ratio of 938.81, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61.

About Spectris

Spectris plc provides precision measurement solutions worldwide. It operates through Spectris Scientific, Spectris Dynamics, and Other segments. The Spectris Scientific segment provides advanced sensors and instruments used to measure, analyze, and characterize materials; and monitor ultra-clean manufacturing environments.