Spirax-Sarco Engineering (LON:SPX) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Spirax-Sarco Engineering plc (LON:SPX) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 7,100.27 and traded as low as GBX 6,510. Spirax-Sarco Engineering shares last traded at GBX 6,650, with a volume of 200,999 shares.

Analysts Set New Price Targets

Separately, UBS Group reaffirmed a “buy” rating and set a £105 price target on shares of Spirax-Sarco Engineering in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 8,012.50.

Spirax-Sarco Engineering Trading Up 1.0%

The company has a debt-to-equity ratio of 83.78, a current ratio of 1.85 and a quick ratio of 1.73. The stock has a market capitalization of £4.91 billion, a PE ratio of 30.06, a PEG ratio of 2.20 and a beta of 1.15. The stock’s 50 day simple moving average is GBX 6,877.70 and its two-hundred day simple moving average is GBX 7,100.27.

About Spirax-Sarco Engineering

Spirax Group is positioned to play a critical role in enabling the industrial transition to net zero, aligned to our Purpose to create sustainable value for all our stakeholders as we engineer a more efficient, safer and sustainable world. We put solving customers’ problems at the heart of our total solutions approach. Our global thermal energy and fluid technology solutions improve operating efficiency and safety in our customers’ critical industrial processes. Our new-to-world decarbonisation* solutions will use our proprietary technologies to electrify boilers for the raising of steam, as well as the electrification of other critical industrial process heating applications.