Spirax-Sarco Engineering (LON:SPX) Stock Passes Above 200 Day Moving Average of $10,687.64

Spirax-Sarco Engineering plc (LON:SPXGet Rating) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of £106.88 ($126.38) and traded as high as £115.70 ($136.81). Spirax-Sarco Engineering shares last traded at £113.60 ($134.33), with a volume of 57,916 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Barclays reissued an “equal weight” rating and issued a £122.50 ($144.85) target price on shares of Spirax-Sarco Engineering in a research report on Thursday, October 6th. Shore Capital reissued a “hold” rating on shares of Spirax-Sarco Engineering in a research report on Thursday, November 17th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a £105 ($124.16) price target on shares of Spirax-Sarco Engineering in a report on Tuesday, August 16th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of £122.68 ($145.06).

Spirax-Sarco Engineering Price Performance

The company’s fifty day moving average price is £107.82 and its 200 day moving average price is £106.88. The company has a debt-to-equity ratio of 52.15, a quick ratio of 1.73 and a current ratio of 2.56. The firm has a market capitalization of £8.38 billion and a price-to-earnings ratio of 3,761.59.

Insider Activity

In other Spirax-Sarco Engineering news, insider Nicholas John Anderson purchased 1,000 shares of the firm’s stock in a transaction dated Monday, October 3rd. The stock was acquired at an average cost of £102.39 ($121.07) per share, with a total value of £102,390 ($121,071.30).

About Spirax-Sarco Engineering

(Get Rating)

Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, electrical heating and temperature management systems, and pumps and fluid path technologies. It offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating and curing, cleaning and sterilizing, hot water generation, space heating, and humidification; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes, heaters, and systems; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications.

Further Reading

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