Spirax-Sarco Engineering (LON:SPX) Receives "Sell" Rating from Shore Capital

Spirax-Sarco Engineering (LON:SPX - Get Free Report)'s stock had its "sell" rating restated by research analysts at Shore Capital in a report released on Wednesday, MarketBeat.com reports.

Other equities analysts also recently issued reports about the stock. Berenberg Bank upped their price objective on shares of Spirax-Sarco Engineering from GBX 8,800 ($110.52) to GBX 9,800 ($123.08) and gave the company a "hold" rating in a research note on Friday, March 8th. Bank of America reiterated a "buy" rating on shares of Spirax-Sarco Engineering in a report on Thursday, April 11th. Jefferies Financial Group raised Spirax-Sarco Engineering to a "hold" rating and set a GBX 9,740 ($122.33) target price on the stock in a research note on Wednesday, January 31st. Barclays dropped their price target on Spirax-Sarco Engineering from £105.80 ($132.88) to GBX 9,960 ($125.09) and set an "equal weight" rating for the company in a research note on Tuesday, April 9th. Finally, Numis Securities reissued a "sell" rating on shares of Spirax-Sarco Engineering in a research report on Thursday, March 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of £101.50 ($127.48).

Spirax-Sarco Engineering Trading Up 4.3 %

Spirax-Sarco Engineering stock traded up GBX 395 ($4.96) during trading hours on Wednesday, reaching GBX 9,655 ($121.26). The company had a trading volume of 232,431 shares, compared to its average volume of 174,291. The firm has a market cap of £7.11 billion, a price-to-earnings ratio of 3,878.67, a P/E/G ratio of 6.13 and a beta of 0.69. Spirax-Sarco Engineering has a 12-month low of GBX 7,900 ($99.22) and a 12-month high of £114.80 ($144.18). The company has a debt-to-equity ratio of 97.01, a current ratio of 2.26 and a quick ratio of 1.73. The company has a 50-day moving average price of GBX 9,706.74 and a 200 day moving average price of GBX 9,698.80.

Insider Transactions at Spirax-Sarco Engineering

In other news, insider Nimesh Patel sold 660 shares of Spirax-Sarco Engineering stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of £105.27 ($132.22), for a total transaction of £69,478.20 ($87,262.25). Insiders own 0.94% of the company's stock.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.