Spectris (LON:SXS) Shares Pass Above Two Hundred Day Moving Average of $2,929.27

Shares of Spectris plc (LON:SXSGet Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,929.27 ($35.29) and traded as high as GBX 3,022 ($36.41). Spectris shares last traded at GBX 3,014 ($36.31), with a volume of 107,828 shares traded.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SXS. Shore Capital restated a “buy” rating on shares of Spectris in a research report on Tuesday, May 10th. Barclays restated an “overweight” rating and issued a GBX 3,650 ($43.98) price target on shares of Spectris in a research report on Wednesday, July 20th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 3,835 ($46.20) price target on shares of Spectris in a research report on Wednesday, May 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 3,527 ($42.49).

Spectris Stock Performance

The company has a debt-to-equity ratio of 5.23, a current ratio of 1.75 and a quick ratio of 1.17. The company’s 50-day moving average price is GBX 2,899.48 and its two-hundred day moving average price is GBX 2,929.27. The company has a market capitalization of £3.19 billion and a price-to-earnings ratio of 991.45.

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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