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

Key Points

• Shares climbed above their 200-day moving average (200‑day = GBX 7,098.37), trading as high as GBX 7,758 and last at GBX 7,636.78 on a volume of 318,644, a technical move that may attract traders.
• Analysts have a consensus rating of Hold with a consensus price target of GBX 8,012.50 (3 Buy / 5 Hold / 1 Sell), though several firms recently adjusted targets and ratings — for example, RBC raised its target to GBX 6,800 but kept an "underperform" call.
• Key fundamentals: market cap £5.67bn, P/E 34.77, quarterly EPS GBX 296.30 and ROE 13.86%; insiders made modest transactions (one purchase of 1,423 shares at GBX 7,370 and a sale of 671 shares at GBX 6,655).

Shares of Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 7,098.37 and traded as high as GBX 7,758. Spirax-Sarco Engineering shares last traded at GBX 7,636.78, with a volume of 318,644 shares trading hands.

Analyst Upgrades and Downgrades

SPX has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price target on shares of Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the stock an "underperform" rating in a report on Wednesday, March 11th. Berenberg Bank restated a "hold" rating and set a GBX 7,350 price target on shares of Spirax-Sarco Engineering in a report on Wednesday, March 11th. Stifel Nicolaus lifted their target price on shares of Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the company a "hold" rating in a report on Wednesday, March 11th. Finally, Shore Capital Group reiterated a "hold" rating on shares of Spirax-Sarco Engineering in a report on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of GBX 8,012.50.

Spirax-Sarco Engineering Price Performance

The company has a current ratio of 1.85, a quick ratio of 1.73 and a debt-to-equity ratio of 83.78. The stock has a market cap of £5.67 billion, a price-to-earnings ratio of 34.77, a P/E/G ratio of 2.20 and a beta of 1.15. The company's fifty day moving average is GBX 7,170.53 and its two-hundred day moving average is GBX 7,098.37.

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The company reported GBX 296.30 EPS for the quarter. Spirax-Sarco Engineering had a net margin of 9.60% and a return on equity of 13.86%. As a group, research analysts predict that Spirax-Sarco Engineering plc will post 334.5410628 earnings per share for the current year.

Insider Activity at Spirax-Sarco Engineering

In other Spirax-Sarco Engineering news, insider Nimesh Patel purchased 1,423 shares of the firm's stock in a transaction on Tuesday, March 10th. The stock was bought at an average price of GBX 7,370 per share, with a total value of £104,875.10. Also, insider Louisa Burdet sold 671 shares of Spirax-Sarco Engineering stock in a transaction on Monday, March 16th. The stock was sold at an average price of GBX 6,655, for a total transaction of £44,655.05. Company insiders own 0.61% of the company's stock.

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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