Spirax-Sarco Engineering’s (SPX) “Sell” Rating Reiterated at Shore Capital

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “sell” rating reissued by equities research analysts at Shore Capital in a research report issued to clients and investors on Tuesday,Digital Look reports.

Spirax-Sarco Engineering Trading Down 4.3 %

Shares of LON SPX traded down GBX 300 ($3.86) during midday trading on Tuesday, reaching GBX 6,725 ($86.58). The stock had a trading volume of 29,733,246 shares, compared to its average volume of 2,150,974. Spirax-Sarco Engineering has a twelve month low of GBX 6,350 ($81.76) and a twelve month high of £107.90 ($138.92). The company’s 50 day moving average price is GBX 7,381.58 and its 200 day moving average price is GBX 7,187.14. The firm has a market cap of £4.95 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25.

Spirax-Sarco Engineering (LON:SPX) last released its quarterly earnings data on Tuesday, March 11th. The company reported GBX 286.30 ($3.69) earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. As a group, sell-side analysts expect that Spirax-Sarco Engineering will post 334.5410628 EPS for the current year.

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.