Spirax-Sarco Engineering (LON:SPX) Share Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Spirax-Sarco Engineering shares have crossed above their 200-day moving average, currently trading at GBX 6,823.83 ($91.47) with the moving average set at GBX 6,352.96 ($85.16).
• Analysts have set new price targets for the stock, with Citigroup raising its target to GBX 8,400 and maintaining a "buy" rating, while JPMorgan Chase & Co. set a target at GBX 7,400.
• The company recently reported a quarterly EPS of GBX 137.60 and has a market capitalization of £5.03 billion, reflecting a solid financial position with a net margin of 11.57%.

Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 6,352.96 ($85.16) and traded as high as GBX 6,910 ($92.63). Spirax-Sarco Engineering shares last traded at GBX 6,823.83 ($91.47), with a volume of 312,739 shares traded.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Citigroup boosted their target price on shares of Spirax-Sarco Engineering from GBX 8,000 to GBX 8,400 and gave the stock a "buy" rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a GBX 7,400 target price on shares of Spirax-Sarco Engineering in a research report on Wednesday, July 2nd. Finally, Shore Capital reissued an "under review" rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Spirax-Sarco Engineering presently has an average rating of "Moderate Buy" and an average price target of GBX 7,900.

Spirax-Sarco Engineering Price Performance

The stock's 50-day moving average is GBX 7,042.80 and its 200 day moving average is GBX 6,352.96. The stock has a market capitalization of £5.03 billion, a PE ratio of 31.01, a P/E/G ratio of 2.20 and a beta of 0.68. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85.

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

About Spirax-Sarco Engineering

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.

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