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% during mid-day trading on Thursday. The stock reached a peak price of GBX 3,114.76 ($38.47) before closing at GBX 2,955.14 ($36.50). In total, 472,541 shares changed hands during the session, which is a 43% drop from the average trading volume of 829,068 shares. Prior to this surge, the stock had closed at GBX 2,700 ($33.35).

Analysts Set New Price Targets

In a separate development, Shore Capital reaffirmed a "buy" rating on Spectris shares in a research report released on Thursday. There has been one analyst who has assigned a sell rating, while six analysts have rated the stock as a buy. According to data from MarketBeat, the consensus rating for Spectris is classified as a "Moderate Buy" with an average target price set at GBX 4,707.50 ($58.15).

Spectris Stock Up 9.4%

The company has a market capitalization of £2.92 billion, a price-to-earnings ratio of 1,102.66, and a PEG ratio of 2.74. Its beta stands at 0.61, indicating lower volatility compared to the market. Spectris shows a debt-to-equity ratio of 4.37, a current ratio of 2.36, and a quick ratio of 1.03. Over the past fifty days, the stock has averaged GBX 2,535.95, and over the past 200 days, it has averaged GBX 2,701.42.

Insider Buying and Selling at Spectris

Recently, insider Alison Henwood purchased 19 shares of Spectris on Tuesday, November 12, at an average price of GBX 2,599 ($32.10) per share, amounting to a total of £493.81 ($609.94). Additionally, insider Andrew Heath bought 2,406 shares in a transaction on Thursday, November 14, acquiring them at an average cost of GBX 2,480 ($30.63) for a total of £59,668.80 ($73,701.58). Within the last three months, insiders have collectively bought 14,553 shares valued at approximately $36,045,861. Insiders currently hold 1.21% of the company's stock.

About Spectris

Spectris specializes in delivering insightful data through precision measurement. Their mission is to provide value beyond mere measurements. At the core of Spectris's operations lies precision, which underpins the high-tech instruments and testing equipment they offer to global customers. Enhanced by robust software solutions, Spectris combines hardware, analytical tools, and simulation software to offer unparalleled data and insights that empower customers to operate more efficiently and effectively. This capability allows businesses to expedite their time to market while enhancing processes and improving quality and yield.

Should You Invest $1,000 in Spectris Right Now?

Before making an investment in Spectris, consider the following. MarketBeat tracks top-rated research analysts and their recommendations for various stocks. Presently, MarketBeat has identified five stocks that leading analysts suggest are better investment options compared to Spectris. While the stock holds a "Moderate Buy" rating from analysts, it may be wise to explore other options deemed superior.

Spectris, Stock, Investment