Insider Selling: Spectris (LON:SXS) Insider Sells £2,893,100 in Stock

Spectris plc (LON:SXS) insider Andrew Heath sold 70,000 shares of Spectris stock in a transaction dated Thursday, November 27th. The stock was sold at an average price of GBX 4,133, for a total value of £2,893,100.

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

• On Friday, September 5th, Andrew Heath acquired 4 shares of Spectris stock. The shares were acquired at an average cost of GBX 4,067 per share, with a total value of £162.68.

Spectris Stock Performance

SXS opened at GBX 4,142 on Friday. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. Spectris plc has a one year low of GBX 1,877 and a one year high of GBX 4,170. The company has a market cap of £4.12 billion, a P/E ratio of 71.91, a PEG ratio of 2.74 and a beta of 0.61. The business’s 50-day simple moving average is GBX 4,107.55 and its 200-day simple moving average is GBX 3,789.57.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective 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, September 5th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,573.50.

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.