Spectris (LON:SXS) Shares Up 9.4% – What’s Next?

Spectris plc (LON:SXS)’s share price traded up 9.4% during mid-day 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). Approximately 472,541 shares traded hands 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 reiterated 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 4,707.50 ($58.78).

Spectris Price Performance

The company has a market cap of £2.92 billion, a PE ratio of 1,100.75, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The stock has a fifty day moving average price of GBX 2,552.34 and a 200-day moving average price of GBX 2,704.91. The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03.

Insider Activity at Spectris

In other news, insider Alison Henwood acquired 19 shares of Spectris 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, with a total value of £493.81 ($616.57). Also, insider Andrew Heath bought 2,406 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average cost of GBX 2,480 ($30.97) per share, for a total transaction of £59,668.80 ($74,502.19). Over the last ninety days, insiders have acquired 14,553 shares of company stock valued at $36,045,861. Company 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.