Spectris (LON:SXS) Stock Price Up 9.4% - Time to Buy?

Shares of Spectris plc (LON:SXS) experienced a notable increase, rising by 9.4% in mid-day trading on Thursday. The stock reached a high of GBX 3,114.76 ($38.47) before settling at GBX 2,955.14 ($36.50). During the trading session, approximately 472,541 shares exchanged hands, showing a significant decline of 43% from the average trading volume of 829,068 shares. The previous closing price was registered at GBX 2,700 ($33.35).

Analysts Set New Price Targets

In recent developments, Shore Capital reiterated a "buy" rating for Spectris shares in their latest research report. The consensus among investment analysts is mixed, with one analyst assigning a sell rating, while six analysts view the stock positively with buy ratings. MarketBeat indicates that Spectris currently holds a consensus rating of "Moderate Buy" along with a consensus target price of GBX 4,707.50 ($58.15).

Spectris Stock Performance Overview

Spectris operates with a market capitalization of £2.92 billion. Its price-to-earnings ratio stands at 1,102.66, along with a PEG ratio of 2.74 and a beta value of 0.61. The company’s debt-to-equity ratio is recorded at 4.37, whereas the current ratio is 2.36 and the quick ratio is 1.03. The stock has shown stability with a fifty-day simple moving average of GBX 2,535.95 and a 200-day simple moving average of GBX 2,701.42.

Insider Trading Activity

Recent insider trading activity indicates continued investment confidence in Spectris. On November 12th, insider Alison Henwood purchased 19 shares at an average price of GBX 2,599 ($32.10), resulting in a total transaction worth £493.81 ($609.94). Furthermore, on November 14th, insider Andrew Heath acquired 2,406 shares for an average cost of GBX 2,480 ($30.63), amounting to £59,668.80 ($73,701.58). Overall, insiders have bought 14,553 shares valued at over $36 million in the last ninety days, with 1.21% of the stock held by insiders.

About Spectris

Spectris specializes in providing insights through precision measurement. The company's mission is to offer value that extends beyond mere measurement. At its core, precision influences every aspect of its operations. Spectris delivers specialist insights to global clients through high-tech instruments and testing equipment, enhanced by advanced software. Their unique combination of hardware, analytical tools, and simulation software empowers customers with superior data and invaluable insights, resulting in improved efficiency, faster market entry, and enhanced process quality.

Conclusion

With Spectris experiencing a significant stock price increase and favorable ratings from several analysts, potential investors may consider whether now is a good time to buy. However, it is essential to consult with financial experts and consider the broader market environment before making investment decisions.

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