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

Spectris plc (LON:SXS)’s stock price rose 9.4% during trading on Thursday . The stock traded as high as GBX 3,114.76 ($38.47) and last traded at GBX 2,955.14 ($36.50). Approximately 472,541 shares were traded 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).

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of Spectris in a report on Thursday. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 4,707.50 ($58.15).

Spectris Stock Performance

The company has a market capitalization of £2.92 billion, a PE ratio of 1,102.66, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The stock’s fifty day simple moving average is GBX 2,535.95 and its 200-day simple moving average is GBX 2,701.42. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36.

Insider Transactions at Spectris

In related news, insider Andrew Heath bought 2,406 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average cost of GBX 2,480 ($30.63) per share, for a total transaction of £59,668.80 ($73,701.58). Also, insider Alison Henwood bought 19 shares of Spectris stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average price of GBX 2,599 ($32.10) per share, with a total value of £493.81 ($609.94). Over the last three months, insiders have bought 14,553 shares of company stock valued at $36,045,861. Corporate 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.