Spirax-Sarco Engineering’s (SPX) Sell Rating Reaffirmed at Shore Capital

Shore Capital reissued their sell rating on shares of Spirax-Sarco Engineering (LON:SPX) in a research report sent to investors on Tuesday, MarketBeat.com reports.

Spirax-Sarco Engineering Stock Performance

Shares of SPX opened at GBX 6,725 ($87.07) on Tuesday. The stock has a 50-day simple moving average of GBX 7,383.68 and a 200-day simple moving average of GBX 7,179.08. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25. The stock has a market capitalization of £4.95 billion, a PE ratio of 25.79, a PEG ratio of 2.20 and a beta of 0.68. Spirax-Sarco Engineering has a 1 year low of GBX 6,350 ($82.21) and a 1 year high of £107.90 ($139.69).

Spirax-Sarco Engineering (LON:SPX) last announced its quarterly earnings data on Tuesday, March 11th. The company reported GBX 286.30 ($3.71) earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. On average, analysts predict that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current fiscal year.

Spirax-Sarco Engineering Company Profile

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.