Spectris (LON:SXS) Sets New 12-Month High - Still a Buy?

Key Points

• Spectris plc shares reached a new 52-week high, trading at GBX 4,078 ($53.87) and closing at GBX 4,056 ($53.58) on Friday.
• The company has a market cap of £4.05 billion and a PE ratio of 15.04, indicating its valuation compared to earnings.
• Shore Capital reissued a "buy" rating for Spectris, reflecting positive analyst sentiment towards the stock.

Spectris plc (LON:SXS - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The stock traded as high as GBX 4,078 ($54.20) and last traded at GBX 4,056 ($53.91), with a volume of 1595491 shares. The stock had previously closed at GBX 3,990 ($53.03).

Analyst Ratings Changes

Separately, Shore Capital reissued a "buy" rating on shares of Spectris in a research note on Wednesday, July 2nd.

Spectris Price Performance

The company has a debt-to-equity ratio of 4.37, a current ratio of 2.36 and a quick ratio of 1.03. The firm's 50 day moving average is GBX 3,471.44 and its 200 day moving average is GBX 2,800.54. The firm has a market cap of £4.09 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61.

Spectris Company Profile

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.