Spirax-Sarco Engineering (LON:SPX) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Spirax-Sarco Engineering plc (LON:SPX)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 6,639 and traded as high as GBX 6,765. Spirax-Sarco Engineering shares last traded at GBX 6,650, with a volume of 285,056 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SPX shares. UBS Group raised shares of Spirax-Sarco Engineering to a “buy” rating and raised their target price for the company from GBX 7,500 to £105 in a report on Tuesday, October 28th. Peel Hunt restated a “buy” rating and issued a GBX 8,500 price objective on shares of Spirax-Sarco Engineering in a report on Thursday, November 13th. Shore Capital reaffirmed a “hold” rating on shares of Spirax-Sarco Engineering in a research report on Thursday, November 13th. JPMorgan Chase & Co. increased their target price on Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the company a “neutral” rating in a report on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the company a “hold” rating in a research note on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Spirax-Sarco Engineering has a consensus rating of “Moderate Buy” and an average price target of GBX 8,540.

Spirax-Sarco Engineering Stock Performance

The company has a current ratio of 2.25, a quick ratio of 1.73 and a debt-to-equity ratio of 98.85. The firm’s fifty day moving average price is GBX 6,882.55 and its 200-day moving average price is GBX 6,639. The firm has a market cap of £4.90 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 2.20 and a beta of 0.68.

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.