Spirax-Sarco Engineering (LON:SPX) Shares Break Above 200 Day Moving Average - Time to Sell?

Key Points

• Shares crossed above their 200-day moving average, reaching GBX 7,078.15 before last trading at GBX 7,050, signaling improved technical momentum.
• Analyst sentiment remains mixed: three analysts rate Spirax-Sarco Engineering a Buy, five Hold, and one Sell. The consensus rating is Hold, with an average price target of GBX 8,155.
• The company reported quarterly EPS of GBX 150 and maintains solid financial metrics, including a 2.14 current ratio, 16.03% return on equity, and 11.36% net margin.

Spirax-Sarco Engineering plc (LON:SPX - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 6,993.31 and traded as high as GBX 7,078.15. Spirax-Sarco Engineering shares last traded at GBX 7,050, with a volume of 160,863 shares traded.

Analysts Set New Price Targets

SPX has been the subject of a number of recent research reports. Jefferies Financial Group restated a "buy" rating and issued a GBX 8,740 target price on shares of Spirax-Sarco Engineering in a research note on Wednesday, August 12th. 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 Wednesday, August 12th. Berenberg Bank restated a "hold" rating and issued a GBX 7,350 price objective on shares of Spirax-Sarco Engineering in a research note on Wednesday, August 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the stock a "neutral" rating in a report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of GBX 8,155.

Spirax-Sarco Engineering Stock Performance

The company has a current ratio of 2.14, a quick ratio of 1.73 and a debt-to-equity ratio of 86.79. The firm has a market capitalization of £5.20 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 2.20 and a beta of 1.14. The stock has a fifty day moving average price of GBX 7,053.27 and a 200-day moving average price of GBX 6,993.31.

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported GBX 150 EPS for the quarter. Spirax-Sarco Engineering had a return on equity of 16.03% and a net margin of 11.36%. As a group, analysts anticipate that Spirax-Sarco Engineering plc will post 334.5410628 earnings per share for the current fiscal year.

Spirax-Sarco Engineering Company Profile

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.

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