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

Spirax-Sarco Engineering plc (LON:SPX) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 6,779.94 and traded as high as GBX 7,130. Spirax-Sarco Engineering shares last traded at GBX 7,015.59, with a volume of 110,698 shares changing hands.

Analyst Upgrades and Downgrades

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

Spirax-Sarco Engineering Stock Down 1.4%

The company’s fifty day simple moving average is GBX 6,848.38 and its 200-day simple moving average is GBX 6,779.94. The firm has a market capitalization of £5.18 billion, a PE ratio of 31.87, 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 current ratio of 2.25 and a quick ratio of 1.73.

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. It creates more distinction between the Group and its Spirax Sarco trading Division (part of Steam Thermal Solutions), providing improved clarity for all stakeholders.