Spirax-Sarco Engineering (LON:SPX) Hits New 12-Month Low - What's Next?

Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 6,635 ($86.05) and last traded at GBX 6,640 ($86.11), with a volume of 203185 shares traded. The stock had previously closed at GBX 6,705 ($86.95).

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SPX shares. Shore Capital reaffirmed a "sell" rating on shares of Spirax-Sarco Engineering in a report on Friday, August 30th. Royal Bank of Canada lowered their target price on Spirax-Sarco Engineering from GBX 8,000 ($103.75) to GBX 7,000 ($90.78) and set an "underperform" rating for the company in a research note on Thursday, August 15th. Berenberg Bank reiterated a "hold" rating and issued a GBX 8,150 ($105.69) price target on shares of Spirax-Sarco Engineering in a research note on Wednesday, September 25th. Finally, Jefferies Financial Group lowered their price objective on Spirax-Sarco Engineering from GBX 9,690 ($125.66) to GBX 9,580 ($124.24) and set a "hold" rating for the company in a research note on Friday, July 12th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of GBX 8,672.50 ($112.47).

Spirax-Sarco Engineering Trading Down 2.1 %

The company has a debt-to-equity ratio of 98.81, a quick ratio of 1.73 and a current ratio of 2.26. The business's 50 day moving average price is GBX 7,220.48 and its 200-day moving average price is GBX 8,273.67. The firm has a market cap of £4.83 billion, a price-to-earnings ratio of 2,525.00, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68.

Spirax-Sarco Engineering Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 17th will be paid a dividend of GBX 47.50 ($0.62) per share. This represents a yield of 0.56%. The ex-dividend date is Thursday, October 17th. Spirax-Sarco Engineering's payout ratio is currently 6,230.77%.

Insiders Place Their Bets

In other Spirax-Sarco Engineering news, insider Kevin J. Thompson bought 640 shares of the stock in a transaction on Friday, August 9th. The stock was purchased at an average price of GBX 7,655 ($99.27) per share, for a total transaction of £48,992 ($63,535.21). 0.73% of the stock is currently owned by company 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.