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

Shares of Spectris plc (LON:SXS) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 4,707.50 ($59.28).

A number of brokerages have recently issued reports on SXS. Shore Capital raised Spectris to a “buy” rating in a research note on Monday, September 9th. Bank of America reiterated a “buy” rating and set a GBX 2,950 ($37.15) price objective on shares of Spectris in a research report on Monday, September 2nd.

Spectris Stock Up 1.9 %

Shares of SXS opened at GBX 2,522 ($31.76) on Friday. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37. The stock’s 50 day moving average is GBX 2,596.69 and its two-hundred day moving average is GBX 2,885.01. The firm has a market cap of £2.49 billion, a P/E ratio of 941.04, a PEG ratio of 2.74 and a beta of 0.61. Spectris has a 12 month low of GBX 2,370 ($29.85) and a 12 month high of GBX 3,861 ($48.62).

Insider Buying and Selling at Spectris

In other Spectris news, insider Mark Williamson purchased 12,116 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average price of GBX 2,476 ($31.18) per share, with a total value of £299,992.16 ($377,776.30). Also, insider Andrew Heath purchased 2,406 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of GBX 2,480 ($31.23) per share, with a total value of £59,668.80 ($75,140.16). Insiders acquired 14,546 shares of company stock valued at $36,029,802 in the last 90 days. Company insiders own 1.21% of the company’s stock.

About Spectris

Spectris plc provides precision measurement solutions worldwide. It operates through Spectris Scientific, Spectris Dynamics, and Other segments. The Spectris Scientific segment provides advanced sensors and instruments used to measure, analyze, and characterize materials; and monitor ultra-clean manufacturing environments.