Spirax-Sarco Engineering (SPX)

Sector:

Engineering

Index:

FTSE 100

9,946.00p
   
  • Change Today:
    -79.00p
  • 52 Week High: 10,120.00
  • 52 Week Low: 7,330.00
  • Currency: UK Pounds
  • Shares Issued: 73.61m
  • Volume: 11,934
  • Market Cap: £7,322m
  • RiskGrade: 196

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 9,946.00p
Change Today -79.00p
% Change -0.79 %
52 Week High 10,120.00
52 Week Low 7,330.00
Volume 11,934
Shares Issued 73.61m
Market Cap £7,322m
RiskGrade 196

SPX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.2% below the market average97.2% below the market average97.2% below the market average97.2% below the market average97.2% below the market average
94.29% below the sector average94.29% below the sector average94.29% below the sector average94.29% below the sector average94.29% below the sector average
Price Trend
84.38% above the market average84.38% above the market average84.38% above the market average84.38% above the market average84.38% above the market average
80.49% above the sector average80.49% above the sector average80.49% above the sector average80.49% above the sector average80.49% above the sector average
Income
94.92% below the market average94.92% below the market average94.92% below the market average94.92% below the market average94.92% below the market average
90.91% below the sector average90.91% below the sector average90.91% below the sector average90.91% below the sector average90.91% below the sector average
Growth
24.60% above the market average24.60% above the market average24.60% above the market average24.60% above the market average24.60% above the market average
42.11% above the sector average42.11% above the sector average42.11% above the sector average42.11% above the sector average42.11% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 8
Sell 0
Strong Sell 6
Total 15
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SPX Dividends

  Latest Previous
  Final Interim
Ex-Div 23-Apr-20 10-Oct-19
Paid 22-May-20 08-Nov-19
Amount 78.00p 32.00p

Trades for 05-Jun-2020

Time Volume / Share Price
09:21 37 @ 9,946.00p
09:21 3 @ 9,946.00p
09:21 35 @ 9,946.00p
09:21 1 @ 9,948.00p
09:21 2 @ 9,942.00p

SPX Key Personnel

CEO Nicholas John Anderson
Chair Jamie Pike

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