Spirax-Sarco Engineering (LON:SPX) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Spirax-Sarco Engineering's stock price has crossed above its 200-day moving average of GBX 6,316.64, reaching a new high of GBX 7,135 during trading.
• Analysts have varied ratings on the stock, with a current consensus rating of "Moderate Buy" and an average target price of GBX 7,900.
• The company's recent quarterly earnings report indicated an earnings per share of GBX 137.60, with a notable net margin of 11.57%.

Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 6,316.64 ($84.91) and traded as high as GBX 7,135 ($95.91). Spirax-Sarco Engineering shares last traded at GBX 7,095 ($95.38), with a volume of 107,208 shares.

Analyst Ratings Changes

SPX has been the subject of several research analyst reports. JPMorgan Chase & Co. reissued a "neutral" rating and set a GBX 7,400 target price on shares of Spirax-Sarco Engineering in a research note on Wednesday, July 2nd. Shore Capital reissued an "under review" rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, August 12th. Finally, Citigroup boosted their price target on Spirax-Sarco Engineering from GBX 8,000 to GBX 8,400 and gave the company a "buy" rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 7,900.

Spirax-Sarco Engineering Price Performance

The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25. The company has a market cap of £5.23 billion, a P/E ratio of 3,223.54, a P/E/G ratio of 2.20 and a beta of 0.68. The firm has a 50 day moving average price of GBX 6,863.43 and a two-hundred day moving average price of GBX 6,316.64.

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