Berenberg Bank Increases Spirax-Sarco Engineering (LON:SPX) Price Target to GBX 9,800

Spirax-Sarco Engineering (LON:SPX) had its price objective increased by equities research analysts at Berenberg Bank from GBX 8,800 ($111.69) to GBX 9,800 ($124.38) in a report issued on Friday, Marketbeat.com reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price objective suggests a potential downside of 7.37% from the stock’s previous close.

Several other equities analysts have also weighed in on the company. Shore Capital reaffirmed a “sell” rating on shares of Spirax-Sarco Engineering in a research note on Monday, December 18th. Jefferies Financial Group upgraded Spirax-Sarco Engineering to a “hold” rating and set a GBX 9,740 ($123.62) target price on the stock in a report on Wednesday, January 31st. Finally, Numis Securities reiterated a “sell” rating on shares of Spirax-Sarco Engineering in a report on Thursday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of £102.13 ($129.63).

Spirax-Sarco Engineering Trading Down 0.8 %

Shares of LON SPX traded down GBX 80 ($1.02) during midday trading on Friday, hitting £105.80 ($134.28). The stock had a trading volume of 89,226 shares, compared to its average volume of 143,911. The company has a market capitalization of £7.80 billion, a price-to-earnings ratio of 3,663.16, a PEG ratio of 6.51 and a beta of 0.71. Spirax-Sarco Engineering has a 1-year low of GBX 7,900 ($100.27) and a 1-year high of £119.13 ($151.20). The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 103.43. The company has a fifty day moving average price of £100.78 and a 200 day moving average price of GBX 9,575.01.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, electrical heating and temperature management systems, and pumps and fluid path technologies. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications.