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Home / Support and Resistance / Spectris (SXS.L) 05-03-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Spectris (SXS.L) 05-03-20

Will Spectris (SXS.L) break below the 2691p support, or bounce to highs at 3005p (+11%)?

 

  • Currently trading around the 2691p support at 2701.0p (at time of writing).
  • Will the shares rally to recent highs of 3005p? (+11%).
  • Shares -10% from 12-month highs; +20% from 12 month lows.

Latest News

28 Feb:  Spectris, the precision measuring equipment company, announced that it had finalised the disposal of its 50% interest in EMS Bruel & Kjaer to Envirosuite for £18m.

21 Feb:  Morgan Stanley reiterates its underweight rating on Spectris (SXS) and increased the target price to 2600p (from 2500p).

 

20 Feb:  Spectris posted an operating profit increase of 3.7% to £258.1 million for 2019. It also floated proposals for a £175 million special dividend and consolidation of its shares.

20 Jan:  Barclays Capital today initiates coverage of Spectris (SXS) with a overweight rating and target price of 3320p.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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