Spirax-Sarco Engineering (LON:SPX) Sets New 52-Week Low – Here’s Why

Spirax-Sarco Engineering plc (LON:SPX)’s share price reached a new 52-week low during trading 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. The stock had previously closed at GBX 6,530 ($84.03).

Analyst Ratings Changes

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

Spirax-Sarco Engineering Stock Performance

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 company’s 50 day moving average is GBX 7,043.88 and its 200 day moving average is GBX 8,065.17. The firm has a market cap of £4.71 billion, a P/E ratio of 2,511.54, a P/E/G ratio of 2.20 and a beta of 0.68.

Spirax-Sarco Engineering Company Profile

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.