Spirax-Sarco Engineering plc (LON:SPX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Spirax-Sarco Engineering plc (LON:SPX) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 8,480.

A number of research firms have weighed in on SPX. UBS Group upgraded Spirax-Sarco Engineering to a “buy” rating and upped their target price for the stock from GBX 7,500 to £105 in a research report on Tuesday, October 28th. Shore Capital restated a “hold” rating on shares of Spirax-Sarco Engineering in a report on Thursday. Peel Hunt reaffirmed a “buy” rating and set a GBX 8,500 target price on shares of Spirax-Sarco Engineering in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the company a “hold” rating in a report on Thursday. Finally, Citigroup lifted their price objective on shares of Spirax-Sarco Engineering from GBX 8,000 to GBX 8,400 and gave the stock a “buy” rating in a research note on Wednesday, August 13th.

Spirax-Sarco Engineering Price Performance

Spirax-Sarco Engineering stock traded down GBX 230 during trading hours on Friday, hitting GBX 6,930. 27,849,082 shares of the company traded hands, compared to its average volume of 743,087. Spirax-Sarco Engineering has a 1-year low of GBX 5,380 and a 1-year high of GBX 8,245. The firm has a market cap of £5.11 billion, a P/E ratio of 31.49, a P/E/G ratio of 2.20 and a beta of 0.68. The firm’s 50-day simple moving average is GBX 7,001.47 and its two-hundred day simple moving average is GBX 6,504.32. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85.

Spirax-Sarco Engineering (LON:SPX) last posted its quarterly earnings data on Tuesday, August 12th. The company reported GBX 137.60 earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. As a group, analysts forecast that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current fiscal year.

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.