Spectris plc (LON:SXS) insider Andrew Heath purchased 5 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average price of GBX 2,564 ($33.50) per share, for a total transaction of £128.20 ($167.52).
SXS traded up GBX 20 ($0.26) during midday trading on Friday, reaching GBX 2,692 ($35.18). 258,086 shares of the company were exchanged, compared to its average volume of 390,769. The company has a debt-to-equity ratio of 33.78, a quick ratio of 0.99 and a current ratio of 1.55. Spectris plc has a one year low of GBX 1,990 ($26.00) and a one year high of GBX 2,932 ($38.31). The stock has a market capitalization of $3.12 billion and a P/E ratio of 65.18. The stock’s 50-day simple moving average is GBX 2,414.88 and its 200 day simple moving average is GBX 2,544.59.
Several research firms recently issued reports on SXS. Deutsche Bank reiterated a “buy” rating on shares of Spectris in a report on Friday, July 12th. Jefferies Financial Group decreased their price target on Spectris from GBX 2,990 ($39.07) to GBX 2,935 ($38.35) and set a “buy” rating on the stock in a report on Friday, November 1st. Berenberg Bank raised their price target on Spectris from GBX 2,050 ($26.79) to GBX 2,065 ($26.98) and gave the company a “sell” rating in a report on Thursday, October 31st. UBS Group reiterated a “sell” rating on shares of Spectris in a report on Friday, October 11th. Finally, Goldman Sachs Group reiterated a “sell” rating on shares of Spectris in a report on Friday, October 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Spectris currently has a consensus rating of “Hold” and a consensus price target of GBX 2,600.45 ($33.98).
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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