Spectris (LON:SXS) Insider Buys £162.68 in Stock

Key Points

• Insider Andrew Heath purchased 4 shares of Spectris plc stock at GBX 4,067 per share, totaling £162.68, indicating insider confidence in the company.
• Spectris's stock traded up 0.3%, reaching GBX 4,090, with a market capitalization of £4.06 billion.
• Analysts maintain a "Moderate Buy" rating for Spectris, with recent price targets ranging from GBX 3,763 to GBX 4,147.

Spectris plc (LON:SXS - Get Free Report) insider Andrew Heath acquired 4 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were bought at an average cost of GBX 4,067 per share, for a total transaction of £162.68.

Andrew Heath also recently made the following trade(s):

• On Thursday, August 7th, Andrew Heath purchased 3 shares of Spectris stock. The shares were bought at an average cost of GBX 4,109 per share, with a total value of £123.27.

Spectris Trading Up 0.3%

SXS traded up GBX 14 during trading on Monday, hitting GBX 4,090. 1,102,627 shares of the company's stock were exchanged, compared to its average volume of 1,131,049. The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37. Spectris plc has a 1 year low of GBX 1,877 and a 1 year high of GBX 4,170. The stock has a 50 day moving average price of GBX 4,017.02 and a 200 day moving average price of GBX 2,986.58. The firm has a market cap of £4.06 billion, a P/E ratio of 7,100.69, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61.

Spectris (LON:SXS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported GBX 38.40 earnings per share for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. As a group, analysts expect that Spectris plc will post 194.7972456 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Spectris from GBX 3,763 to GBX 4,147 and gave the stock a "hold" rating in a research report on Friday. Shore Capital restated a "buy" rating on shares of Spectris in a report on Wednesday, July 2nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Spectris presently has an average rating of "Moderate Buy" and an average price target of GBX 3,573.50.

About Spectris

The experts in providing insight through precision measurement. Our purpose is to deliver value beyond measure – going beyond just the measurement. Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software. Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently. This equips them with the ability to reduce time to market, improve processes, quality and yield.

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