Spirax-Sarco Engineering (LON:SPX) Sets New 1-Year Low – Should You Sell?

Spirax-Sarco Engineering plc (LON:SPX) hit a new 52-week low on Wednesday . The company traded as low as GBX 6,375 ($82.04) and last traded at GBX 6,405 ($82.42), with a volume of 353411 shares traded. The stock had previously closed at GBX 6,530 ($84.03).

Analyst Ratings Changes

SPX has been the subject of a number of recent analyst reports. Berenberg Bank restated a “hold” rating and issued a GBX 8,150 ($104.88) price objective on shares of Spirax-Sarco Engineering in a report on Wednesday, September 25th. Shore Capital reaffirmed a “sell” rating on shares of Spirax-Sarco Engineering in a research report on Friday, August 30th. Finally, Royal Bank of Canada cut their target price on shares of Spirax-Sarco Engineering from GBX 8,000 ($102.95) to GBX 7,000 ($90.08) and set an “underperform” rating for the company in a research report on Thursday, August 15th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Spirax-Sarco Engineering has an average rating of “Hold” and an average price target of GBX 8,672.50 ($111.60).

Spirax-Sarco Engineering Stock Performance

The business’s 50-day moving average price is GBX 6,996.78 and its 200-day moving average price is GBX 8,035.73. The company has a debt-to-equity ratio of 98.81, a quick ratio of 1.73 and a current ratio of 2.26. The stock has a market cap of £4.92 billion, a P/E ratio of 2,565.38, a P/E/G ratio of 2.20 and a beta of 0.68.

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.