Spectris plc (SXS) Insider Karim Bitar Bought 680 Shares

Spectris plc (SXS) Insider Karim Bitar Bought 680 Shares

Spectris plc (LON:SXS) insider Karim Bitar purchased 680 shares of the stock in a transaction dated Monday, December 17th. The shares were bought at an average price of GBX 2,203 ($28.79) per share, for a total transaction of £14,980.40 ($19,574.55).

Shares of LON:SXS traded up GBX 4 ($0.05) during midday trading on Friday, reaching GBX 2,410 ($31.49). 216,094 shares of the company were exchanged, compared to its average volume of 390,769. Spectris plc has a fifty-two week low of GBX 2,225 ($29.07) and a fifty-two week high of GBX 2,869 ($37.49).

A number of equities research analysts recently issued reports on the stock. BNP Paribas upgraded shares of Spectris to an “outperform” rating and upped their price objective for the stock from GBX 2,550 ($33.32) to GBX 2,700 ($35.28) in a report on Tuesday, September 18th. Bank of America upgraded shares of Spectris to a “buy” rating in a report on Monday, October 15th. HSBC decreased their price target on shares of Spectris from GBX 2,750 ($35.93) to GBX 2,250 ($29.40) and set a “hold” rating for the company in a report on Tuesday, October 30th. Peel Hunt restated an “add” rating on shares of Spectris in a report on Tuesday, November 20th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Spectris in a research report on Tuesday, November 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 2,752.86 ($35.97).

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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