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

Shares of Spectris plc (LON:SXS) shot up 9.4% on Thursday . The stock traded as high as GBX 3,114.76 ($38.47) and last traded at GBX 2,955.14 ($36.50). 472,541 shares were traded during trading, a decline of 43% from the average session volume of 829,068 shares. The stock had previously closed at GBX 2,700 ($33.35).

Analysts Set New Price Targets

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

Spectris Stock Up 9.4 %

The firm has a market cap of £2.92 billion, a price-to-earnings ratio of 1,102.66, a P/E/G ratio of 2.74 and a beta of 0.61. The firm’s 50 day moving average price is GBX 2,535.95 and its two-hundred day moving average price is GBX 2,701.42. 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 Transactions at Spectris

In other Spectris news, insider Mark Williamson purchased 12,116 shares of Spectris stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of GBX 2,476 ($30.58) per share, with a total value of £299,992.16 ($370,543.68). Also, insider Alison Henwood purchased 19 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was bought at an average price of GBX 2,599 ($32.10) per share, with a total value of £493.81 ($609.94). Insiders purchased 14,553 shares of company stock worth $36,045,861 over the last 90 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.