Spectris (LON:SXS) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Spectris plc shares have surpassed their 200-day moving average of GBX 3,036.50, reaching a high of GBX 4,094 during trading.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Spectris, with a target price increase from GBX 3,763 to GBX 4,147 by Deutsche Bank.
• The company reported a positive return on equity of 20.13% and a net margin of 20.44%, indicating solid financial health.

Spectris plc (LON:SXS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,036.50 ($40.91) and traded as high as GBX 4,094 ($55.16). Spectris shares last traded at GBX 4,092 ($55.13), with a volume of 576,360 shares traded.

Wall Street Analyst Weigh In

SXS has been the topic of a number of analyst reports. Shore Capital reiterated a "buy" rating on shares of Spectris in a research report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Spectris from GBX 3,763 to GBX 4,147 and gave the company a "hold" rating in a research report on Friday, September 5th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 3,573.50.

Spectris Price Performance

The company has a quick ratio of 1.03, a current ratio of 2.36 and a debt-to-equity ratio of 4.37. The firm's 50-day moving average is GBX 4,043.42 and its 200-day moving average is GBX 3,070.46. The company has a market cap of £4.06 billion, a PE ratio of 7,104.17, a PEG ratio of 2.74 and a beta of 0.61.

Spectris (LON:SXS - Get Free Report) last posted its quarterly earnings data 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%. On average, equities analysts anticipate that Spectris plc will post 194.7972456 EPS for the current year.

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.