Spirax-Sarco Engineering (LON:SPX) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Spirax-Sarco Engineering shares crossed above their 200-day moving average, reaching GBX 7,380 before last trading at GBX 7,270 on volume of 304,081 shares.
• Analyst sentiment remains mixed: the consensus rating is “Hold” with an average price target of GBX 8,155. Recent targets range from GBX 7,350 to GBX 8,740, including upgrades from JPMorgan and a Buy rating from Jefferies.
• The company reported quarterly EPS of GBX 150, with an 11.36% net margin and 16.03% return on equity; analysts expect full-year EPS of approximately GBX 334.54.

Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) 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 analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the company a "neutral" rating in a report on Wednesday, August 12th. Berenberg Bank reiterated a "hold" rating and set a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th. Jefferies Financial Group reissued a "buy" rating and issued a GBX 8,740 price target on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 7,500 price target on shares of Spirax-Sarco Engineering in a research note on Thursday, October 1st. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of GBX 8,155.

Spirax-Sarco Engineering Price Performance

The stock's 50 day moving average is GBX 7,098.73 and its two-hundred day moving average is GBX 7,051.75. The company has a debt-to-equity ratio of 86.79, a current ratio of 2.14 and a quick ratio of 1.73. The stock has a market capitalization of £5.36 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14.

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported GBX 150 earnings per share (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 forecast that Spirax-Sarco Engineering plc will post 334.54 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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