Spectris plc (LON:SXS) Insider Derek Harding Acquires 5 Shares

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Spectris plc (LON:SXS) insider Derek Harding purchased 5 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were acquired at an average cost of GBX 2,918 ($38.38) per share, with a total value of £145.90 ($191.92).

Derek Harding also recently made the following trade(s):

  • On Friday, December 6th, Derek Harding acquired 5 shares of Spectris stock. The stock was bought at an average price of GBX 2,734 ($35.96) per share, with a total value of £136.70 ($179.82).

Shares of LON:SXS traded up GBX 12 ($0.16) during mid-day trading on Thursday, reaching GBX 2,802 ($36.86). 156,541 shares of the stock were exchanged, compared to its average volume of 390,769. Spectris plc has a one year low of GBX 2,210 ($29.07) and a one year high of GBX 2,984 ($39.25). The company has a quick ratio of 0.99, a current ratio of 1.55 and a debt-to-equity ratio of 33.78. The stock’s 50 day simple moving average is GBX 2,864.96 and its 200-day simple moving average is GBX 2,600.87. The company has a market cap of $3.24 billion and a P/E ratio of 67.85.

A number of research firms recently weighed in on SXS. UBS Group reissued a “sell” rating on shares of Spectris in a research note on Tuesday, December 10th. Peel Hunt reiterated an “add” rating on shares of Spectris in a report on Tuesday, November 19th. Jefferies Financial Group increased their price target on Spectris from GBX 2,935 ($38.61) to GBX 3,110 ($40.91) and gave the stock a “buy” rating in a report on Friday, November 22nd. Bank of America lowered Spectris to an “underperform” rating and dropped their price target for the stock from GBX 2,760 ($36.31) to GBX 2,750 ($36.17) in a research report on Wednesday, January 8th. Finally, Morgan Stanley lowered Spectris to an “underweight” rating and decreased their price objective for the company from GBX 2,670 ($35.12) to GBX 2,500 ($32.89) in a research report on Friday, January 10th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 2,633.64 ($34.64).

Spectris Company Profile

Spectris plc manufactures and sells measuring instruments and controls worldwide. It operates through four segments: Materials Analysis, Test and Measurement, In-line Instrumentation, and Industrial Controls. The Materials Analysis segment provides products and services, which enable customers to determine structure, composition, quantity, and quality of particles and materials during their research and development processes, when assessing materials before production, or during the manufacturing process.

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Insider Buying and Selling by Quarter for Spectris (LON:SXS)

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