Spirax-Sarco Engineering plc (LON:SPX) Given Average Rating of “Hold” by Brokerages

Shares of Spirax-Sarco Engineering plc (LON:SPX) have received a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 8,012.50.

SPX has been the topic of a number of research analyst reports. Berenberg Bank reiterated a “hold” rating and set a GBX 7,350 price target on shares of Spirax-Sarco Engineering in a report on Wednesday, March 11th. Shore Capital Group reissued a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, March 10th. UBS Group restated a “buy” rating and set a £105 price objective on shares of Spirax-Sarco Engineering in a research report on Monday, May 11th. Royal Bank Of Canada lifted their target price on Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the company an “underperform” rating in a research note on Wednesday, March 11th. Finally, Stifel Nicolaus increased their price target on shares of Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the stock a “hold” rating in a research report on Wednesday, March 11th.

Spirax-Sarco Engineering Price Performance

Shares of LON:SPX opened at GBX 6,775 on Friday. The company’s fifty day moving average is GBX 7,006.30 and its two-hundred day moving average is GBX 7,110.24. The company has a quick ratio of 1.73, a current ratio of 1.85 and a debt-to-equity ratio of 83.78. Spirax-Sarco Engineering has a 12-month low of GBX 5,950 and a 12-month high of GBX 8,050. The company has a market cap of £5.00 billion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15.

Spirax-Sarco Engineering Company Profile

Spirax Group is positioned to play a critical role in enabling the industrial transition to net zero, aligned to our Purpose to create sustainable value for all our stakeholders as we engineer a more efficient, safer and sustainable world. We put solving customers’ problems at the heart of our total solutions approach. Our global thermal energy and fluid technology solutions improve operating efficiency and safety in our customers’ critical industrial processes. Our new-to-world decarbonisation* solutions will use our proprietary technologies to electrify boilers for the raising of steam, as well as the electrification of other critical industrial process heating applications.