Spirax-Sarco Engineering (LON:SPX) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Spirax-Sarco Engineering plc (LON:SPX) shares passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 7,051.75 and traded as high as GBX 7,380. Spirax-Sarco Engineering shares last traded at GBX 7,270, with a volume of 304,081 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SPX. Jefferies Financial Group restated a “buy” rating and set a GBX 8,740 target price on shares of Spirax-Sarco Engineering in a research note on Wednesday, August 12th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th. JPMorgan Chase & Co. upped their price target on shares of Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 7,500 price target on shares of Spirax-Sarco Engineering in a report on Thursday, October 1st. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Spirax-Sarco Engineering currently has a consensus rating of “Hold” and a consensus price target of GBX 8,155.

Spirax-Sarco Engineering Stock Down 1.1%

The stock has a fifty day moving average price of GBX 7,101.10 and a two-hundred day moving average price of GBX 7,057.14. The company has a market cap of £5.34 billion, a price-to-earnings ratio of 26.94, a P/E/G ratio of 2.20 and a beta of 1.14. The company has a quick ratio of 1.73, a current ratio of 2.14 and a debt-to-equity ratio of 86.79.

Spirax-Sarco Engineering (LON:SPX) last released its quarterly earnings results on Tuesday, August 11th. The company reported GBX 150 EPS for the quarter. Spirax-Sarco Engineering had a net margin of 11.36% and a return on equity of 16.03%. As a group, sell-side analysts expect that Spirax-Sarco Engineering plc will post 334.54 EPS for the current year.

About Spirax-Sarco Engineering

Spirax Group is positioned to play a critical role in enabling the industrial transition to net zero, aligned to our Purpose to create sustainable value for all our stakeholders as we engineer a more efficient, safer and sustainable world. We put solving customers’ problems at the heart of our total solutions approach. Our global thermal energy and fluid technology solutions improve operating efficiency and safety in our customers’ critical industrial processes. Our new-to-world decarbonisation* solutions will use our proprietary technologies to electrify boilers for the raising of steam, as well as the electrification of other critical industrial process heating applications.