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

Spectris plc (LON:SXS) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 4,707.50 ($61.05).

A number of equities research analysts have commented on the company. Bank of America reissued a “buy” rating and issued a GBX 2,950 ($38.26) target price on shares of Spectris in a report on Monday, September 2nd. Jefferies Financial Group lowered their target price on shares of Spectris from GBX 4,435 ($57.52) to GBX 4,190 ($54.34) and set a “buy” rating on the stock in a research report on Friday, July 12th. Berenberg Bank raised shares of Spectris to a “buy” rating and increased their target price for the company from GBX 3,520 ($45.65) to GBX 3,920 ($50.84) in a report on Wednesday, July 24th. Finally, Shore Capital raised Spectris to a “buy” rating in a research note on Monday, September 9th.

Insider Transactions at Spectris

In related news, insider Mark Williamson acquired 706 shares of Spectris stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of GBX 2,832 ($36.73) per share, for a total transaction of £19,993.92 ($25,929.09). Insiders acquired a total of 716 shares of company stock valued at $2,028,097 in the last ninety days. Corporate insiders own 1.21% of the company’s stock.

Spectris Stock Performance

LON SXS opened at GBX 2,514 ($32.60) on Monday. The stock has a market capitalization of £2.48 billion, a price-to-earnings ratio of 938.81, a PEG ratio of 2.74 and a beta of 0.61. The business’s 50 day moving average is GBX 2,703.75 and its two-hundred day moving average is GBX 2,961.90. Spectris has a 12-month low of GBX 2,370 ($30.74) and a 12-month high of GBX 3,861 ($50.07). The company has a current ratio of 2.36, a quick ratio of 1.03 and a debt-to-equity ratio of 4.37.

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.