Spectris (LON:SXS) Shares Up 9.4% – Time to Buy?

Spectris plc (LON:SXS) shares were up 9.4% on Thursday . The company traded as high as GBX 3,114.76 ($38.89) and last traded at GBX 2,955.14 ($36.90). 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 ($33.71).

Wall Street Analysts Forecast Growth

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

Spectris Stock Down 1.1 %

The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. The business’s 50 day moving average price is GBX 2,552.34 and its 200-day moving average price is GBX 2,704.91. The firm has a market capitalization of £2.92 billion, a PE ratio of 1,100.75, a P/E/G ratio of 2.74 and a beta of 0.61.

Insider Activity at Spectris

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

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.