Spirax-Sarco Engineering (LON:SPX) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Spirax-Sarco Engineering's stock price recently exceeded its 200-day moving average, trading at GBX 7,223.46, indicating a positive trend in market performance.
• Analysts have varying views on the stock, with Citigroup raising their price target to GBX 8,400 and maintaining a "buy" rating, while JPMorgan holds a "neutral" stance with a target of GBX 7,400.
• The company reported an earnings per share (EPS) of GBX 137.60 for the last quarter and has a consensus target price of GBX 7,983.33 among analysts.

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 6,398.94 ($86.09) and traded as high as GBX 7,255 ($97.61). Spirax-Sarco Engineering shares last traded at GBX 7,223.46 ($97.18), with a volume of 155,843 shares traded.

Wall Street Analysts Forecast Growth

SPX has been the topic of several analyst reports. Citigroup increased their target price on Spirax-Sarco Engineering from GBX 8,000 to GBX 8,400 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Shore Capital reaffirmed an "under review" rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. reaffirmed 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. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 7,983.33.

Spirax-Sarco Engineering Stock Performance

The company has a market cap of £5.40 billion, a P/E ratio of 28.15, a PEG ratio of 2.20 and a beta of 0.68. The company has a 50 day moving average price of GBX 6,303.45 and a 200-day moving average price of GBX 6,372.83. 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 released its quarterly 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%. Equities analysts expect that Spirax-Sarco Engineering plc will post 334.5410628 EPS 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.