Spectris (LON:SXS) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Spectris plc (LON:SXS) shares have crossed above the 200-day moving average with a high of GBX 4,096 ($55.09) and last traded at GBX 4,084 ($54.93).
• Deutsche Bank raised its price target for Spectris from GBX 3,763 to GBX 4,147, maintaining a "hold" rating, while the overall consensus rating remains a "Moderate Buy."
• For the latest quarter, Spectris reported an EPS of GBX 38.40, with a net margin of 20.44% and a return on equity of 20.13%.

Shares of Spectris plc (LON:SXS - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,100.35 ($41.70) and traded as high as GBX 4,096 ($55.09). Spectris shares last traded at GBX 4,084 ($54.93), with a volume of 665,768 shares traded.

Wall Street Analyst Weigh In

Several research firms have weighed in on SXS. Deutsche Bank Aktiengesellschaft increased their price target on shares of Spectris from GBX 3,763 to GBX 4,147 and gave the stock a "hold" rating in a research report on Friday, September 5th. Shore Capital reiterated a "buy" rating on shares of Spectris in a research report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 3,573.50.

Spectris Stock Down 0.0%

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 has a market capitalization of £4.06 billion, a P/E ratio of 7,090.28, a P/E/G ratio of 2.74 and a beta of 0.61. The company's 50-day simple moving average is GBX 4,049.94 and its two-hundred day simple moving average is GBX 3,100.35.

Spectris (LON:SXS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported GBX 38.40 EPS for the quarter. Spectris had a net margin of 20.44% and a return on equity of 20.13%. As a group, research analysts expect that Spectris plc will post 194.7972456 earnings per share for the current year.

About Spectris

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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