Spectris (LON:SXS) Shares Up 60.2% - Time to Buy?

Spectris plc (LON:SXS - Get Free Report) was up 60.2% during trading on Monday . The stock traded as high as GBX 3,546 ($48.28) and last traded at GBX 3,264 ($44.44). Approximately 1,520,147 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 1,138,251 shares. The stock had previously closed at GBX 2,038 ($27.75).

Analysts Set New Price Targets

Separately, Berenberg Bank cut their target price on shares of Spectris from GBX 3,180 ($43.29) to GBX 3,000 ($40.84) and set a "buy" rating for the company in a research note on Monday, March 10th.

Spectris Price Performance

The firm has a market capitalization of £3.21 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. The stock's 50 day simple moving average is GBX 2,100.02 and its two-hundred day simple moving average is GBX 2,454.98.

Insider Transactions at Spectris

In related news, insider Andrew Heath sold 8,848 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of GBX 2,532 ($34.47), for a total value of £224,031.36 ($305,012.06). Also, insider Derek Harding purchased 3,741 shares of Spectris stock in a transaction dated Friday, April 4th. The shares were acquired at an average cost of GBX 2,085 ($28.39) per share, for a total transaction of £77,999.85 ($106,194.49). Insiders own 1.21% of the company's stock.

Spectris Company Profile

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.