Spirax-Sarco Engineering (SPX)

Sector:

Engineering

Index:

FTSE 100

7,465.00p
   
  • Change Today:
    -25.00p
  • 52 Week High: 9,400.00
  • 52 Week Low: 5,900.00
  • Currency: UK Pounds
  • Shares Issued: 73.61m
  • Volume: 116,105
  • Market Cap: £5,495m
  • RiskGrade: 122
  • Beta: 0.10

FTSE 250 movers: Indivior dives as BTG soars on sale news

By Duncan Ferris

Date: Tuesday 20 Nov 2018

LONDON (ShareCast) - (Sharecast News) - London's FTSE 250 was down 0.94% at 18,365.26 in afternoon trade on Tuesday, as Indivior plummeted following some courtroom drama.
Indivior shares were in freefall as it emerged that the company had lost an appeals court ruling that could allow Dr Reddy's Laboratories to start selling a generic version of its top-selling opioid treatment, Suboxone.

The pharmaceutical company said in a brief statement that it was "disappointed" and that the company would "continue to vigorously pursue ongoing infringement cases against DRL to protect its Suboxone (buprenorphine and naloxone) sublingual film patent portfolio".

Meanwhile, CYBG was sharply lower after the Clydesdale and Yorkshire Bank owner increased underlying profits 13% in the past 12 months but fell into a loss at the statutory level due to PPI costs.

Electronics distributor Electrocomponents also fell after it reported like-for-like revenue growth of 9.8% for its half-year, with market share gains in all three of its regions, but a slowing of growth as it moved into the second half.

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.

At the other end of the spectrum, shares in medical technology company BTG rocketed to the top of the FTSE 250 as it agreed to be bought by US-based Boston Scientific for £3.3bn.

Spectris surged after posting an 8% jump in like-for-like sales growth for the four months to the end of October, online trading platform Plus500 gained as it said 2018 results should be ahead of market expectations and Telecom Plus rallied on the back of record first-half numbers.

Pub owner and operator EI Group climbed higher after reporting further growth in its net asset value to £3.34 per share, from £3.13 per share at the end of 2017.

Finally, Beazley was on the up as RBC named the company its 'top pick' among Lloyds insurers, with a target price of 675p even though the financial services company said investment returns during the current year had been "weak".

"We see this as simply accounting noise. In an economic balance sheet, the discount rate used to discount liabilities would also increase, leading to a fall in the value of the liabilities. What this does do however is mean that the company is able to reinvest its fixed income portfolio into higher yielding assets faster. With a largely USD denominated fixed income portfolio, we think Beazley is well placed to deliver a strong pick up in investment income heading into 2019," said RBC analysts.

Market Movers
FTSE 250 (MCX) 18,365.26 -0.94%


FTSE 250 - Risers

BTG (BTG) 828.00p 34.63%
Plus500 Ltd (DI) (PLUS) 1,463.00p 13.85%
Spectris (SXS) 2,317.00p 10.18%
Telecom Plus (TEP) 1,302.64p 8.37%
IG Group Holdings (IGG) 635.00p 5.48%
Mediclinic International (MDC) 344.00p 3.68%
EI Group (EIG) 180.00p 3.57%
Beazley (BEZ) 550.00p 3.48%
Centamin (DI) (CEY) 106.90p 3.29%
Bakkavor Group (BAKK) 144.40p 2.85%

FTSE 250 - Fallers

Indivior (INDV) 156.45p -24.20%
CYBG (CYBG) 210.20p -15.38%
Electrocomponents (ECM) 567.40p -7.23%
Spirax-Sarco Engineering (SPX) 6,180.00p -6.29%
UDG Healthcare Public Limited Company (UDG) 571.00p -5.23%
Tullow Oil (TLW) 179.90p -5.02%
Spire Healthcare Group (SPI) 117.60p -5.01%
Metro Bank (MTRO) 1,976.00p -4.91%
Premier Oil (PMO) 77.00p -4.70%
Sophos Group (SOPH) 311.80p -4.65%

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SPX Market Data

Currency UK Pounds
Share Price 7,465.00p
Change Today -25.00p
% Change -0.33 %
52 Week High 9,400.00
52 Week Low 5,900.00
Volume 116,105
Shares Issued 73.61m
Market Cap £5,495m
Beta 0.10
RiskGrade 122

SPX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.32% below the market average99.32% below the market average99.32% below the market average99.32% below the market average99.32% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
53.81% above the market average53.81% above the market average53.81% above the market average53.81% above the market average53.81% above the market average
36.59% above the sector average36.59% above the sector average36.59% above the sector average36.59% above the sector average36.59% above the sector average
Income
89.58% below the market average89.58% below the market average89.58% below the market average89.58% below the market average89.58% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
77.65% above the market average77.65% above the market average77.65% above the market average77.65% above the market average77.65% above the market average
63.16% above the sector average63.16% above the sector average63.16% above the sector average63.16% above the sector average63.16% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 9
Sell 0
Strong Sell 3
Total 14
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SPX Dividends

  Latest Previous
  Interim Final
Ex-Div 10-Oct-19 25-Apr-19
Paid 08-Nov-19 24-May-19
Amount 32.00p 71.00p

Trades for 22-Oct-2019

Time Volume / Share Price
16:35 28,032 @ 7,465.00p
16:29 11 @ 7,465.00p
16:29 20 @ 7,470.00p
16:29 9 @ 7,470.00p
16:29 12 @ 7,470.00p

SPX Key Personnel

CEO Nicholas John Anderson
Chair Jamie Pike

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