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

Shares of Spectris plc (LON:SXS) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 4,707.50 ($59.76).

Several analysts have issued reports on SXS shares. Bank of America restated a “buy” rating and set a GBX 2,950 ($37.45) price objective on shares of Spectris in a report on Monday, September 2nd. Shore Capital upgraded shares of Spectris to a “buy” rating in a research report on Monday, September 9th.

Spectris Stock Up 1.1 %

Shares of Spectris stock opened at GBX 2,544 ($32.29) on Friday. Spectris has a 12-month low of GBX 2,370 ($30.08) and a 12-month high of GBX 3,861 ($49.01). The firm has a market capitalization of £2.51 billion, a PE ratio of 938.81, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37. The stock’s fifty day moving average is GBX 2,573.31 and its 200-day moving average is GBX 2,861.67.

Insiders Place Their Bets

In other news, insider Andrew Heath purchased 2,406 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was bought at an average cost of GBX 2,480 ($31.48) per share, with a total value of £59,668.80 ($75,741.05). Also, insider Alison Henwood purchased 19 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average cost of GBX 2,599 ($32.99) per share, with a total value of £493.81 ($626.82). Insiders purchased a total of 14,546 shares of company stock worth $36,029,802 in the last quarter. 1.21% of the stock is currently owned by corporate insiders.

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.