Spirax-Sarco Engineering plc (LON:SPX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Spirax-Sarco Engineering plc (LON:SPXGet Free Report) have been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 8,540.

SPX has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their target price on Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Peel Hunt reaffirmed a “buy” rating and set a GBX 8,500 price target on shares of Spirax-Sarco Engineering in a research report on Thursday, November 13th. Shore Capital reissued a “hold” rating on shares of Spirax-Sarco Engineering in a research report on Thursday, November 13th. UBS Group raised shares of Spirax-Sarco Engineering to a “buy” rating and lifted their price objective for the stock from GBX 7,500 to £105 in a report on Tuesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the company a “hold” rating in a research note on Thursday, November 13th.

Read Our Latest Stock Report on SPX

Spirax-Sarco Engineering Stock Performance

Spirax-Sarco Engineering stock opened at GBX 6,767.98 on Tuesday. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25. The stock’s 50 day moving average price is GBX 6,902.22 and its 200 day moving average price is GBX 6,619.97. The firm has a market capitalization of £4.99 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. Spirax-Sarco Engineering has a one year low of GBX 5,380 and a one year high of GBX 8,245.

About Spirax-Sarco Engineering

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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.

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Analyst Recommendations for Spirax-Sarco Engineering (LON:SPX)

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