Spectris (LON:SXS) Stock Passes Above 200 Day Moving Average of $3,092.36

Shares of Spectris plc (LON:SXS – Get Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,092.36 ($37.69) and traded as high as GBX 3,484 ($42.46). Spectris shares last traded at GBX 3,469 ($42.28), with a volume of 167,327 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SXS. Berenberg Bank raised their target price on shares of Spectris from GBX 3,470 ($42.29) to GBX 3,870 ($47.17) and gave the stock a “hold” rating in a research note on Monday, March 6th. Numis Securities reiterated a “hold” rating on shares of Spectris in a research note on Thursday, March 9th. Finally, Barclays reiterated an “overweight” rating and issued a GBX 3,650 ($44.49) price objective on shares of Spectris in a research note on Friday, February 24th. 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, the stock currently has a consensus rating of “Hold” and an average price target of GBX 3,668.33 ($44.71).

Spectris Price 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 company’s 50 day moving average is GBX 3,299.80 and its 200 day moving average is GBX 3,092.36. The stock has a market cap of £3.63 billion, a price-to-earnings ratio of 3,272.64, a PEG ratio of 2.74 and a beta of 0.73.

Spectris Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, May 18th will be given a dividend of GBX 51.30 ($0.63) per share. The ex-dividend date is Thursday, May 18th. This represents a yield of 1.63%. This is a boost from Spectris’s previous dividend of $24.10. Spectris’s payout ratio is presently 7,075.47%.

About Spectris

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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.