Spirax-Sarco Engineering (LON:SPX) Hits New 12-Month Low at $7,100.00

Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as GBX 7,100 ($95.07) and last traded at GBX 7,170 ($96.01), with a volume of 67101 shares. The stock had previously closed at GBX 7,160 ($95.88).

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SPX shares. Shore Capital reaffirmed a "sell" rating on shares of Spirax-Sarco Engineering in a report on Friday, August 30th. Jefferies Financial Group decreased their target price on shares of Spirax-Sarco Engineering from GBX 9,690 ($129.75) to GBX 9,580 ($128.28) and set a "hold" rating on the stock in a research report on Friday, July 12th. Royal Bank of Canada reduced their price target on Spirax-Sarco Engineering from GBX 8,000 ($107.12) to GBX 7,000 ($93.73) and set an "underperform" rating on the stock in a research report on Thursday, August 15th. Finally, Berenberg Bank dropped their price objective on Spirax-Sarco Engineering from GBX 9,800 ($131.23) to GBX 8,150 ($109.13) and set a "hold" rating for the company in a report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of GBX 9,158 ($122.63).

Spirax-Sarco Engineering Trading Up 0.1 %

The firm's 50-day simple moving average is GBX 7,933.45 and its 200 day simple moving average is GBX 8,834.02. The company has a debt-to-equity ratio of 98.81, a current ratio of 2.26 and a quick ratio of 1.73. The firm has a market capitalization of £5.29 billion, a price-to-earnings ratio of 2,761.54, a P/E/G ratio of 2.30 and a beta of 0.68.

Spirax-Sarco Engineering Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 17th will be issued a dividend of GBX 47.50 ($0.64) per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a dividend yield of 0.56%. Spirax-Sarco Engineering's dividend payout ratio (DPR) is currently 6,230.77%.

Insider Activity at Spirax-Sarco Engineering

In related news, insider Kevin J. Thompson purchased 640 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average cost of GBX 7,655 ($102.50) per share, with a total value of £48,992 ($65,602.57). 0.73% of the stock is currently owned by insiders.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.