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

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

Spirax-Sarco Engineering Price Performance

LON:SPX opened at GBX 7,155 ($92.68) on Tuesday. Spirax-Sarco Engineering has a one year low of GBX 6,350 ($82.25) and a one year 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. The firm has a market cap of £5.27 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.20 and a beta of 0.68. The firm’s fifty day moving average is GBX 7,389.38 and its two-hundred day moving average is GBX 7,175.52.

Spirax-Sarco Engineering (LON:SPX) last posted its quarterly earnings results on Tuesday, March 11th. The company reported GBX 286.30 ($3.71) EPS for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. Research analysts expect that Spirax-Sarco Engineering will post 334.5410628 EPS for the current 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.