Shore Capital Reiterates Sell Rating for Spirax-Sarco Engineering (LON:SPX)

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

Spirax-Sarco Engineering Trading Down 4.3 %

SPX opened at GBX 6,725 ($87.07) on Tuesday. The firm has a market cap of £4.95 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. Spirax-Sarco Engineering has a 52 week low of GBX 6,350 ($82.21) and a 52 week high of £107.90 ($139.69). The business’s 50 day moving average is GBX 7,383.68 and its two-hundred day moving average is GBX 7,179.08. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85.

Spirax-Sarco Engineering (LON:SPX) last released 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 return on equity of 16.58% and a net margin of 11.57%. On average, research analysts predict that Spirax-Sarco Engineering will post 334.5410628 EPS for the current 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.