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Spectris (LON:SXS) Sets New 1-Year High - Still a Buy?

Spectris logo with Computer and Technology background

Spectris plc (LON:SXS - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 3,492 ($47.54) and last traded at GBX 3,390 ($46.15), with a volume of 4926710 shares changing hands. The stock had previously closed at GBX 2,038 ($27.75).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank cut their price target on shares of Spectris from GBX 3,180 ($43.29) to GBX 3,000 ($40.84) and set a "buy" rating on the stock in a research note on Monday, March 10th.

Check Out Our Latest Research Report on SXS

Spectris Price Performance

The company's fifty day moving average is GBX 2,100.02 and its two-hundred day moving average is GBX 2,454.98. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36. The firm has a market cap of £3.21 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61.

Insiders Place Their Bets

In other news, insider Andrew Heath sold 8,848 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of GBX 2,532 ($34.47), for a total transaction of £224,031.36 ($305,012.06). Also, insider Derek Harding sold 22,577 shares of Spectris stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of GBX 2,420 ($32.95), for a total value of £546,363.40 ($743,857.59). 1.21% of the stock is currently owned by insiders.

Spectris Company Profile

(Get Free Report)

The experts in providing insight through precision measurement. Our purpose is to deliver value beyond measure – going beyond just the measurement. Precision is at the heart of what we do. Spectris provides global customers with specialist insight through our high-tech instruments and test equipment, augmented by the power of our software. Through a combination of our hardware, analytical and simulation software, we provide our customers with superior data and invaluable insights that enable them to work faster, smarter and more efficiently. This equips them with the ability to reduce time to market, improve processes, quality and yield.

Read More

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