Spirax-Sarco Engineering’s (SPX) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Spirax-Sarco Engineering (LON:SPX) in a research report released on Wednesday,Digital Look reports. Jefferies Financial Group currently has a GBX 8,955 price objective on the stock.

Several other research firms have also commented on SPX. Berenberg Bank reiterated a “hold” rating and issued a GBX 7,350 price target on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th. JPMorgan Chase & Co. upped their price objective on Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a GBX 7,500 price objective on shares of Spirax-Sarco Engineering in a research note on Thursday, October 1st. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Spirax-Sarco Engineering presently has a consensus rating of “Hold” and an average target price of GBX 8,136.43.

Spirax-Sarco Engineering Stock Performance

Shares of LON:SPX opened at GBX 7,540 on Wednesday. Spirax-Sarco Engineering has a 52 week low of GBX 5,950 and a 52 week high of GBX 8,050. The stock has a market capitalization of £5.56 billion, a P/E ratio of 28.09, a PEG ratio of 2.20 and a beta of 1.14. The firm has a fifty day simple moving average of GBX 7,228.75 and a two-hundred day simple moving average of GBX 7,136.55. The company has a quick ratio of 1.73, a current ratio of 2.14 and a debt-to-equity ratio of 86.79.

Spirax-Sarco Engineering (LON:SPX) last announced its earnings results on Tuesday, August 11th. The company reported GBX 150 earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a net margin of 11.36% and a return on equity of 16.03%. On average, analysts expect that Spirax-Sarco Engineering will post 334.54 earnings per share for the current fiscal year.

About Spirax-Sarco Engineering

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.