Spectris plc (LON:SXS – Get Rating) shares hit a new 52-week high during trading on Friday . The stock traded as high as GBX 3,883.85 ($48.65) and last traded at GBX 3,841.65 ($48.12), with a volume of 30313 shares trading hands. The stock had previously closed at GBX 3,811 ($47.74).
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on SXS shares. Berenberg Bank lifted their price target on Spectris from GBX 3,470 ($43.47) to GBX 3,870 ($48.48) and gave the company a “hold” rating in a research note on Monday, March 6th. Barclays restated an “overweight” rating and set a GBX 3,650 ($45.72) price target on shares of Spectris in a research report on Friday, February 24th. Shore Capital reiterated a “buy” rating on shares of Spectris in a research report on Wednesday, April 26th. Finally, Numis Securities restated a “hold” rating on shares of Spectris in a research report on Thursday, March 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 3,668.33 ($45.95).
Spectris Stock Performance
The company has a market cap of £4.02 billion, a PE ratio of 3,588.79, a PEG ratio of 2.74 and a beta of 0.74. The company has a current ratio of 2.07, a quick ratio of 1.03 and a debt-to-equity ratio of 4.54. The business’s 50 day moving average is GBX 3,683.52 and its two-hundred day moving average is GBX 3,377.21.
Spectris Increases Dividend
Spectris plc manufactures and sells measuring instruments and controls worldwide. It operates through Malvern Panalytical, HBK, Omega and Industrial Solutions segments. The Malvern Panalytical segment provides measurement and materials characterization and efficiency in R&D and manufacturing sectors.
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