Spirax-Sarco Engineering (LON:SPX) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Spirax-Sarco Engineering plc (LON:SPX) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 6,570.27 and traded as high as GBX 6,665. Spirax-Sarco Engineering shares last traded at GBX 6,572.22, with a volume of 164,410 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SPX shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the stock a “hold” rating in a research note on Thursday, November 13th. UBS Group raised shares of Spirax-Sarco Engineering to a “buy” rating and boosted their price objective for the stock from GBX 7,500 to £105 in a report on Tuesday, October 28th. Citigroup increased their target price on shares of Spirax-Sarco Engineering from GBX 8,000 to GBX 8,400 and gave the company a “buy” rating in a report on Wednesday, August 13th. Shore Capital reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a research report on Thursday, November 13th. Finally, JPMorgan Chase & Co. boosted their price target on Spirax-Sarco Engineering from GBX 7,400 to GBX 7,500 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 8,480.

Spirax-Sarco Engineering Stock Down 1.2%

The firm has a market capitalization of £4.84 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The firm’s 50-day moving average is GBX 6,922.74 and its 200 day moving average is GBX 6,570.27. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25.

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.