Spectris (LON:SXS) Stock Price Crosses Above 200 Day Moving Average of $3,398.88

Shares of Spectris plc (LON:SXSGet Rating) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,398.88 ($42.27) and traded as high as GBX 3,708 ($46.12). Spectris shares last traded at GBX 3,701 ($46.03), with a volume of 104,110 shares trading hands.

Analysts Set New Price Targets

SXS has been the topic of several analyst reports. Numis Securities reiterated a “hold” rating on shares of Spectris in a research note on Thursday, March 9th. Barclays reiterated an “overweight” rating and issued a GBX 3,650 ($45.40) target price on shares of Spectris in a research note on Friday, February 24th. Berenberg Bank lifted their target price on Spectris from GBX 3,470 ($43.16) to GBX 3,870 ($48.13) and gave the company a “hold” rating in a research note on Monday, March 6th. Finally, Shore Capital reiterated a “buy” rating on shares of Spectris in a research note on Wednesday, April 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Spectris currently has an average rating of “Hold” and an average target price of GBX 3,668.33 ($45.63).

Spectris Stock Performance

The company has a debt-to-equity ratio of 4.54, a current ratio of 2.07 and a quick ratio of 1.03. The stock has a market capitalization of £3.87 billion, a PE ratio of 3,491.51, a P/E/G ratio of 2.74 and a beta of 0.74. The stock has a 50 day moving average of GBX 3,709.04 and a two-hundred day moving average of GBX 3,398.88.

Spectris Company Profile

(Get Rating)

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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