Spirax-Sarco Engineering (LON:SPX) Stock Rating Reaffirmed by Shore Capital

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “sell” rating reissued by investment analysts at Shore Capital in a note issued to investors on Friday, Marketbeat reports.

A number of other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada reduced their target price on shares of Spirax-Sarco Engineering from GBX 8,000 ($105.50) to GBX 7,000 ($92.31) and set an “underperform” rating for the company in a research report on Thursday, August 15th. Jefferies Financial Group decreased their target price on shares of Spirax-Sarco Engineering from GBX 9,690 ($127.79) to GBX 9,580 ($126.34) and set a “hold” rating on the stock in a research report on Friday, July 12th. Finally, Berenberg Bank lowered their target price on shares of Spirax-Sarco Engineering from GBX 9,800 ($129.24) to GBX 8,150 ($107.48) and set a “hold” rating on the stock in a report on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Spirax-Sarco Engineering has an average rating of “Hold” and an average target price of GBX 9,158 ($120.77).

Spirax-Sarco Engineering Price Performance

LON:SPX opened at GBX 7,695 ($101.48) on Friday. The company has a market cap of £5.67 billion, a P/E ratio of 2,959.62, a P/E/G ratio of 2.65 and a beta of 0.72. The firm’s fifty day moving average price is GBX 8,262.37 and its two-hundred day moving average price is GBX 9,115.49. Spirax-Sarco Engineering has a one year low of GBX 7,190 ($94.82) and a one year high of £112.80 ($148.75). The company has a debt-to-equity ratio of 98.81, a current ratio of 2.26 and a quick ratio of 1.73.

Insider Transactions at Spirax-Sarco Engineering

In related news, insider Kevin J. Thompson purchased 640 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average cost of GBX 7,655 ($100.95) per share, with a total value of £48,992 ($64,607.68). 0.79% of the stock is currently owned by insiders.

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.