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

Shore Capital reaffirmed their sell rating on shares of Spirax-Sarco Engineering (LON:SPX) in a research report released on Tuesday morning, Marketbeat Ratings reports.

Spirax-Sarco Engineering Trading Up 0.2 %

Shares of Spirax-Sarco Engineering stock opened at GBX 7,155 ($92.68) on Tuesday. The firm has a 50-day simple moving average of GBX 7,389.38 and a two-hundred day simple moving average of GBX 7,175.52. The company has a market cap of £5.27 billion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. Spirax-Sarco Engineering has a fifty-two week low of GBX 6,350 ($82.25) and a fifty-two week high of £107.30 ($138.99). The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25.

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

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.