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

Shares of Spectris plc (LON:SXS) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 4,707.50 ($58.76).

Separately, Shore Capital reiterated a “buy” rating on shares of Spectris in a report on Thursday.

Spectris Stock Down 1.1 %

Shares of LON:SXS opened at GBX 2,950 ($36.82) on Thursday. The business’s 50 day simple moving average is GBX 2,552.34 and its two-hundred day simple moving average is GBX 2,703.79. The firm has a market cap of £2.92 billion, a P/E ratio of 1,100.75, a PEG ratio of 2.74 and a beta of 0.61. 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 52-week low of GBX 2,370 ($29.58) and a 52-week high of GBX 3,803 ($47.47).

Insider Transactions at Spectris

In other Spectris news, insider Alison Henwood purchased 19 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was bought at an average cost of GBX 2,599 ($32.44) per share, with a total value of £493.81 ($616.41). Also, insider Mark Williamson purchased 12,116 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average cost of GBX 2,476 ($30.91) per share, with a total value of £299,992.16 ($374,475.30). Insiders purchased a total of 14,553 shares of company stock valued at $36,045,861 over the last ninety days. 1.21% of the stock is currently owned by 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.