Share Name Share Symbol Market Type Share ISIN Share Description
Spirax-sarco Engineering Plc LSE:SPX London Ordinary Share GB00BWFGQN14 ORD 26 12/13P
  Price Change % Change Share Price Shares Traded Last Trade
  -130.00 -1.19% 10,810.00 21,042 13:43:37
Bid Price Offer Price High Price Low Price Open Price
10,805.00 10,815.00 10,900.00 10,760.00 10,760.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 1,242.40 236.80 226.20 47.8 7,965
Last Trade Time Trade Type Trade Size Trade Price Currency
13:43:37 AT 14 10,810.00 GBX

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Spirax-sarco Engineering Daily Update: Spirax-sarco Engineering Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker SPX. The last closing price for Spirax-sarco Engineering was 10,940p.
Spirax-sarco Engineering Plc has a 4 week average price of 10,065p and a 12 week average price of 9,764p.
The 1 year high share price is 11,160p while the 1 year low share price is currently 7,220p.
There are currently 73,684,195 shares in issue and the average daily traded volume is 151,613 shares. The market capitalisation of Spirax-sarco Engineering Plc is £7,965,261,479.50.
adrunkenmarcus: We may not see £100 again for a while - not necessarily because it's got ahead of itself in valuation, but because they may do a share split. I think they split back in the 1990s when it was trading in the £90s - not that this means they'll do so again, but it's possible. They could do a 10-for-1 share split and we'd have a neat £10 share price.
adrunkenmarcus: Honestly, these guys change their target prices substantially and often for little good reason. I've held SPX since 2015 and it's still up 2.5 times or so rather than 3 times. I intend to hold for as long as the business's superior operating performance continues. What interests me is not the share price but the underlying business's generation of free cash flow; strong returns on capital employed; and maintained or expanded operating margins over the long term.
adrunkenmarcus: SPX's share price has got ahead of itself. However, I bought in March 2015 as a long term hold and every £1 I invested is now worth £2.70 or so. This company has paid a dividend since 1965 or so and grown it 11% CAGR. If it keeps that up, short term worries about over-valuation go away.
redartbmud: Yes phil. I know that the share price has been re-rated now that it has entered the FTSE 100 and the MSCI, but don't you think that it is now a bit ahead of events? Is the current rating anticipating a much higher level than is likely to be delivered? It isn't an exotic tech company, or an Amazon, after all is said and done. red
philanderer: Ah.. Market report: The likes of Evraz, Glencore, Fresnillo, Antofagasta and Anglo America were high among the best performers although all had to eat the dust of engineer, Spirax Sarco PLC(LON:SPX) , after market makers pumped up the share price by 360p to 8,420p following the inclusion of the stock in an MSCI index series.
adrunkenmarcus: I bought Spirax in March 2015 and the share price is now up 133% - including ordinary dividends (rising at c. 11% CAGR) and a special dividend then the return must be closer to 150%. Quite happy and a long term hold for me!
philanderer: Spirax-Sarco justifies strong support IC View There are signs that global industrial activity is faltering, but management is delivering on those areas within its control. This has not gone unnoticed, so the shares are trading well in advance of JPMorgan Cazenove’s target price (based on an enterprise/trading profit multiple) and on its PE average relative to the sector. Another strong showing, but it is all in the share price. Hold. Last IC view: Hold, 6,805p, 09 Aug 2018 HTTPS://
philanderer: These Dividend Growth Stocks Are About To Enter The FTSE 100. Should You Buy Them Before Christmas? Spirax-Sarco Engineering Spirax-Sarco Engineering has also proved its mettle as a hot income share in years gone by. Its long-running progressive dividend policy saw the full-year payout boom 15% year-on-year in 2017, for instance, to 87p per share. Supported by an expected 14% profits hike City brokers are predicting another hefty hike this year, too, to 99.6p. And with earnings anticipated to pump 6% higher in 2019 the dividend is estimated to ring in at 107.6p per share, resulting in a handy-if-unspectacular 1.8% yield. Spirax-Sarco, which builds pumps and other products for use in fluid and steam-powered industrial systems, has long proved to be a great earnings grower and this accounts for its premium forward P/E ratio of 22.4 times. The company’s share price jumped 6% in 2018, and whilst it’s fallen back in the wake of October’s broad-based share market sell-off the signs look good as we head into the new year. Last month the specialist reported further organic sales growth in the four months to October thanks to “strong” performances in China and Australasia and “good” growth in The Americas, and I am confident that the growing financial might of emerging regions should underpin strong and sustained sales growth in the years ahead. Like Hiscox, I believe that Spirax-Sarco is a great share to buy today and stuff in your Christmas stocking. HTTPS://
philanderer: Market close.. In broker action, Spirax Sarco dropped after a downgrade to 'underperform' from RBC Capital Markets, with a share price of 6,400p. "Spirax is one of the best UK engineers in our coverage measured on past delivery, and we expect continued robust operational performance in the future. However, the relative valuation is at new highs on an over 60% P/E premium versus the peer group and as such we see more attractive opportunities elsewhere in our UK engineering coverage," said a note from RBC. HTTPS://
philanderer: Stockbroker Numis Securities has downgraded its recommendation on Spirax-Sarco Engineering PLC (LON:SPX) shares to ‘hold’ from ‘add’ following its first-half results. FTSE 250-listed Spirax-Sarco on Wednesday reported strong growth in first-half operating profit, driven by good performances from its Stream Specialities and Watson-Marlow businesses, and said its full-year expectations remain unchanged. Spirax-Sarco first-half profit rises despite adverse currency hit However, broker Numis is unsure whether the company can justify its valuation and keep up its strong recent performance. “We have no doubt that Spirax's strong, consistent long-term track record is deserving of a significant premium to the sector and believe there is upside risk to our revised estimates (H1/H2 EBITA weighting 48%/52% vs 4yr avg 43%/57%). Even so, the recent share price run has pushed Spirax to a price-earnings ratio of 27x, which means we struggle to see sufficient upside on a 12 month view to maintain our ‘add’ rating,” Numis analysts said in a note to clients. Spirax shares, which have increased in value by more than 15% in the last year, were 2.6% up at 7,000p in mid-morning trade
Spirax-sarco Engineering share price data is direct from the London Stock Exchange
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