Spirax-Sarco Engineering plc (LON:SPX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Spirax-Sarco Engineering plc (LON:SPX) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 8,540.

A number of brokerages have recently issued reports on SPX. Shore Capital reaffirmed a “hold” rating on shares of Spirax-Sarco Engineering in a report on Thursday, November 13th. Peel Hunt restated a “buy” rating and set a GBX 8,500 price objective on shares of Spirax-Sarco Engineering in a research report on Thursday, November 13th. UBS Group raised shares of Spirax-Sarco Engineering to a “buy” rating and lifted their target price for the stock from GBX 7,500 to £105 in a research report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft increased their price target on Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the company a “hold” rating in a report on Thursday, November 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the stock a “neutral” rating in a report on Thursday, December 4th.

Spirax-Sarco Engineering Stock Performance

Shares of SPX stock opened at GBX 7,265 on Wednesday. The company has a market capitalization of £5.37 billion, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25. The company’s 50-day moving average is GBX 6,920.38 and its 200 day moving average is GBX 6,880.47. Spirax-Sarco Engineering has a one year low of GBX 5,380 and a one year high of GBX 8,205.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering rebrands as Spirax Group

On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.

Our new name respects our history and where we have come from, with who we are today. It creates more distinction between the Group and its Spirax Sarco trading Division (part of Steam Thermal Solutions), providing improved clarity for all stakeholders.