Shares of Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) rose 15.2% on Tuesday . The company traded as high as GBX 7,200 ($97.42) and last traded at GBX 6,978.72 ($94.42). Approximately 3,227,484 shares traded hands during mid-day trading, an increase of 394% from the average daily volume of 652,790 shares. The stock had previously closed at GBX 6,060 ($81.99).
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on SPX shares. Shore Capital reiterated an "under review" rating on shares of Spirax-Sarco Engineering in a research report on Tuesday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a GBX 7,400 ($100.12) price objective on shares of Spirax-Sarco Engineering in a research note on Wednesday, July 2nd. Finally, Citigroup lifted their price objective on Spirax-Sarco Engineering from GBX 8,000 ($108.24) to GBX 8,400 ($113.65) and gave the company a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of GBX 7,737.50 ($104.69).
Check Out Our Latest Report on Spirax-Sarco Engineering
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 50-day simple moving average of GBX 6,123.61 and a 200-day simple moving average of GBX 6,429.81. The company has a market cap of £5.21 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 2.20 and a beta of 0.68.
Spirax-Sarco Engineering (LON:SPX - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported GBX 137.60 ($1.86) earnings per share for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. As a group, research analysts predict that Spirax-Sarco Engineering plc will post 334.5410628 earnings per share for the current year.
About Spirax-Sarco Engineering
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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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