Spectris (LON:SXS) Hits New 52-Week High - Here's Why

Spectris plc (LON:SXS - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as GBX 4,036 ($55.07) and last traded at GBX 4,006 ($54.66), with a volume of 4437859 shares trading hands. The stock had previously closed at GBX 3,830 ($52.26).

Wall Street Analysts Forecast Growth

SXS has been the subject of several recent analyst reports. Berenberg Bank lowered their target price on shares of Spectris from GBX 3,180 ($43.39) to GBX 3,000 ($40.93) and set a "buy" rating for the company in a research note on Monday, March 10th. Shore Capital restated a "buy" rating on shares of Spectris in a research note on Wednesday.

Spectris Stock Up 0.5%

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 business's fifty day moving average price is GBX 2,659.20 and its two-hundred day moving average price is GBX 2,584.46. The stock has a market capitalization of £4.00 billion, a PE ratio of 14.88, 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.