Spirax-Sarco Engineering (LON:SPX) Stock Passes Above 200-Day Moving Average - What's Next?

Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 7,194.89 ($92.63) and traded as high as GBX 7,330 ($94.37). Spirax-Sarco Engineering shares last traded at GBX 7,264.59 ($93.53), with a volume of 55,766,445 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a "sell" rating on shares of Spirax-Sarco Engineering in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Spirax-Sarco Engineering presently has a consensus rating of "Hold" and a consensus price target of GBX 8,672.50 ($111.66).

Spirax-Sarco Engineering Trading Down 4.3 %

The firm has a market capitalization of £4.95 billion, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The stock has a 50-day simple moving average of GBX 7,381.58 and a two-hundred day simple moving average of GBX 7,187.14. The company has a current ratio of 2.25, a quick ratio of 1.73 and a debt-to-equity ratio of 98.85.

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported GBX 286.30 ($3.69) earnings per share for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. On average, equities research analysts anticipate that Spirax-Sarco Engineering plc will post 334.5410628 earnings per share for the current year.

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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.