Spectris (LON:SXS) Sets New 1-Year High - What's Next?

Shares of Spectris plc (LON:SXS - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 4,040 ($54.99) and last traded at GBX 3,980 ($54.17), with a volume of 507184 shares. The stock had previously closed at GBX 4,021.34 ($54.73).

Analyst Upgrades and Downgrades

A number of brokerages have commented on SXS. Berenberg Bank cut their price objective on shares of Spectris from GBX 3,180 ($43.28) to GBX 3,000 ($40.83) and set a "buy" rating on the stock in a report on Monday, March 10th. Shore Capital reiterated a "buy" rating on shares of Spectris in a report on Wednesday, July 2nd.

Spectris Trading Up 0.5%

The firm has a market cap of £3.98 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. The business's 50 day moving average price is GBX 2,698.36 and its 200-day moving average price is GBX 2,596.12. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.03 and a current ratio of 2.36.

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.

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