Spirax-Sarco Engineering (LON:SPX) Reaches New 12-Month Low – Time to Sell?

Spirax-Sarco Engineering plc (LON:SPX) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 6,420 ($83.57) and last traded at GBX 6,442.62 ($83.87), with a volume of 46642 shares. The stock had previously closed at GBX 6,550 ($85.26).

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SPX shares. Jefferies Financial Group dropped their price target on Spirax-Sarco Engineering from GBX 9,690 ($126.14) to GBX 9,580 ($124.71) and set a “hold” rating on the stock in a research report on Friday, July 12th. Shore Capital restated a “sell” rating on shares of Spirax-Sarco Engineering in a research report on Friday, August 30th. Royal Bank of Canada lowered their target price on shares of Spirax-Sarco Engineering from GBX 8,000 ($104.14) to GBX 7,000 ($91.12) and set an “underperform” rating on the stock in a report on Thursday, August 15th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 8,150 ($106.09) price objective on shares of Spirax-Sarco Engineering in a report on Wednesday, September 25th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Spirax-Sarco Engineering currently has a consensus rating of “Hold” and a consensus target price of GBX 8,672.50 ($112.89).

Spirax-Sarco Engineering Trading Up 3.1 %

The company has a debt-to-equity ratio of 98.81, a current ratio of 2.26 and a quick ratio of 1.73. The business has a 50-day moving average price of GBX 7,107.78 and a two-hundred day moving average price of GBX 8,152.64. The firm has a market cap of £4.84 billion, a PE ratio of 2,451.92, a PEG ratio of 2.20 and a beta of 0.68.

Insider Buying and Selling at Spirax-Sarco Engineering

In related news, insider Kevin J. Thompson acquired 640 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of GBX 7,655 ($99.65) per share, for a total transaction of £48,992 ($63,775.06). Insiders own 0.73% of the company’s stock.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.