Insider Buying: Spectris plc (SXS) Insider Purchases £156.52 in Stock

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Spectris plc (LON:SXS) insider Clive Watson acquired 7 shares of Spectris stock in a transaction on Tuesday, January 8th. The shares were bought at an average cost of GBX 2,236 ($29.22) per share, for a total transaction of £156.52 ($204.52).

Shares of SXS stock opened at GBX 2,410 ($31.49) on Friday. Spectris plc has a 12 month low of GBX 2,225 ($29.07) and a 12 month high of GBX 2,869 ($37.49).

A number of research analysts have issued reports on the stock. Bank of America reissued a “buy” rating and set a GBX 2,800 ($36.59) price objective on shares of Spectris in a research report on Tuesday, January 8th. Peel Hunt reissued an “add” rating on shares of Spectris in a research report on Tuesday, January 8th. Morgan Stanley reduced their price objective on shares of Spectris from GBX 2,850 ($37.24) to GBX 2,800 ($36.59) and set an “overweight” rating on the stock in a research report on Wednesday, December 5th. Shore Capital reissued a “hold” rating on shares of Spectris in a research report on Tuesday, November 20th. Finally, HSBC reduced their price objective on shares of Spectris from GBX 2,750 ($35.93) to GBX 2,250 ($29.40) and set a “hold” rating on the stock in a research report on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 2,752.86 ($35.97).

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About Spectris

Spectris plc manufactures and sells measuring instruments and controls worldwide. It operates through four segments: Materials Analysis, Test and Measurement, In-line Instrumentation, and Industrial Controls. The Materials Analysis segment provides products and services, which enable customers to determine structure, composition, quantity, and quality of particles and materials during their research and development processes, when assessing materials before production, or during the manufacturing process.

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