Spirax-Sarco Engineering (LON:SPX) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Spirax-Sarco Engineering shares have crossed above their 200-day moving average, reaching a high of GBX 7,165 ($96.26) during trading, suggesting positive market performance.
• Brokerage analysts recently increased the price target for Spirax-Sarco shares, with Citigroup setting a new target of GBX 8,400 and maintaining a "buy" rating.
• Spirax-Sarco reported an EPS of GBX 137.60 for its latest quarter, contributing to a strong net margin and return on equity.

Shares of Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 6,357.49 ($86.05) and traded as high as GBX 7,165 ($96.98). Spirax-Sarco Engineering shares last traded at GBX 7,085.81 ($95.91), with a volume of 111,237 shares trading hands.

Analyst Ratings Changes

SPX has been the topic of a number of recent research reports. Citigroup lifted their target price on shares of Spirax-Sarco Engineering from GBX 8,000 to GBX 8,400 and gave the company a "buy" rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. reissued a "neutral" rating and set a GBX 7,400 price objective on shares of Spirax-Sarco Engineering in a research report on Wednesday, July 2nd. Finally, Shore Capital reaffirmed an "under review" rating on shares of Spirax-Sarco Engineering in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of GBX 7,983.33.

Spirax-Sarco Engineering Stock Performance

The stock's 50-day moving average is GBX 6,604.25 and its 200 day moving average is GBX 6,343.45. The stock has a market cap of £5.24 billion, a price-to-earnings ratio of 3,228.08, a P/E/G ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73.

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported GBX 137.60 earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. As a group, analysts predict that Spirax-Sarco Engineering plc will post 334.5410628 earnings per share for the current fiscal year.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering rebrands as Spirax Group On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company's evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities. Our new name respects our history and where we have come from, with who we are today.