Spirax-Sarco Engineering (LON:SPX) Price Target Raised to GBX 7,250

Spirax-Sarco Engineering (LON:SPX) had its price target raised by Stifel Nicolaus from GBX 6,450 to GBX 7,250 in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The firm currently has a hold rating on the stock.

Other equities analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the stock a “hold” rating in a research report on Thursday, November 13th. JPMorgan Chase & Co. raised their price target on shares of Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the company a “neutral” rating in a report on Thursday, December 4th. Peel Hunt restated a “buy” rating and issued a GBX 8,500 price objective on shares of Spirax-Sarco Engineering in a research report on Thursday, November 13th. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of Spirax-Sarco Engineering in a report on Tuesday. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Spirax-Sarco Engineering has an average rating of “Hold” and an average target price of GBX 8,012.50.

Spirax-Sarco Engineering Stock Performance

Shares of LON:SPX opened at GBX 6,855 on Wednesday. The business has a fifty day moving average of GBX 7,381.70 and a 200-day moving average of GBX 7,088.42. The company has a debt-to-equity ratio of 83.78, a quick ratio of 1.73 and a current ratio of 1.85. Spirax-Sarco Engineering has a twelve month low of GBX 5,380 and a twelve month high of GBX 8,050. The firm has a market cap of £5.07 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 2.20 and a beta of 1.13.

Spirax-Sarco Engineering (LON:SPX) last issued its quarterly earnings results on Tuesday, March 10th. The company reported GBX 296.30 earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a net margin of 9.60% and a return on equity of 13.86%. On average, equities research analysts predict that Spirax-Sarco Engineering will post 334.5410628 EPS for the current fiscal year.

Insider Transactions at Spirax-Sarco Engineering

In other Spirax-Sarco Engineering news, insider Nimesh Patel bought 1,423 shares of Spirax-Sarco Engineering stock in a transaction dated Tuesday, March 10th. The shares were bought at an average price of GBX 7,370 per share, with a total value of £104,875.10. In the last 90 days, insiders have bought 1,427 shares of company stock worth $10,515,980. Corporate insiders own 0.61% of the company’s stock.

About Spirax-Sarco Engineering

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.