This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Trade Parameters
Technical Observations – For
Technical Observations – Against
Could secure promotion to UK 100 from in next week’s reshuffle. Shares nicely liquid. Clear rising channel of late. Shares jumped after first half results (8 Aug) with revenues +28% (+7% organic), profits +24% and the dividend increased by 14%. The company’s operations are spread out geographically, and the share price has shown no signs of concern about trade or tariffs.
Risks to Spirax-Sarco shares include a downturn in global growth sentiment, a stronger GBP depressing the value of foreign generated revenues and profits, negative broker comments/downgrades (although we note broker commentary is sparse).
Brokers/analysts are bullish on the shares with only 7% suggesting Sell. That said 83% of brokers suggest downside for the shares, to a consensus target of 6747p. Potential for brokers to downgrade ratings, to be in-line with targets, or upgrade targets, to be in-line with ratings.
Next Event: Ex-dividend (29p), 11 Oct
Latest Broker 12-Month Consensus: 27% Buy, 67% Hold, 7% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Bloomberg or Company Press releases
| Share | 1wk | 1m | 3m | 6m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | 0.2 | 3.7 | 15.8 | 25.2 | 27.9 | 61.1 | 126.6 | 132.9 | 129.7 |
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Prepared by Michael van Dulken, Head of Research