Brokerages Set Spirax-Sarco Engineering plc (LON:SPX) PT at GBX 8,155

Shares of Spirax-Sarco Engineering plc (LON:SPX) have been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 8,155.

SPX has been the topic of a number of recent analyst reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 8,740 target price on shares of Spirax-Sarco Engineering in a research note on Wednesday, August 12th. UBS Group restated a “buy” rating and set a £105 price objective on shares of Spirax-Sarco Engineering in a research note on Monday, May 11th. Berenberg Bank reiterated a “hold” rating and issued a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 7,500 price target on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. upped their price target 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.

Spirax-Sarco Engineering Stock Performance

Shares of SPX opened at GBX 7,060 on Friday. The business’s 50 day moving average is GBX 6,942.64 and its two-hundred day moving average is GBX 7,104.58. Spirax-Sarco Engineering has a 52-week low of GBX 5,950 and a 52-week high of GBX 8,050. The firm has a market cap of £5.21 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 2.20 and a beta of 1.14. 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 issued its quarterly 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%. Analysts forecast that Spirax-Sarco Engineering will post 334.5410628 EPS for the current fiscal year.

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.