Spirax-Sarco Engineering plc (LON:SPX) Receives Consensus Rating of “Hold” from Analysts

Spirax-Sarco Engineering plc (LON:SPX) has been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 8,012.50.

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada lifted their target price on Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the stock an “underperform” rating in a research note on Wednesday, March 11th. UBS Group restated a “buy” rating and set a £105 price target on shares of Spirax-Sarco Engineering in a research report on Monday. Shore Capital Group restated a “hold” rating on shares of Spirax-Sarco Engineering in a report on Tuesday, March 10th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 7,350 price objective on shares of Spirax-Sarco Engineering in a research report on Wednesday, March 11th. Finally, Stifel Nicolaus boosted their target price on shares of Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the company a “hold” rating in a research note on Wednesday, March 11th.

Spirax-Sarco Engineering Stock Performance

Shares of SPX opened at GBX 7,020 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.73 and a debt-to-equity ratio of 83.78. The company has a market capitalization of £5.18 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 2.20 and a beta of 1.15. The stock has a 50 day moving average of GBX 7,128.22 and a 200 day moving average of GBX 7,112.01. Spirax-Sarco Engineering has a 12 month low of GBX 5,535 and a 12 month high of GBX 8,050.

Spirax-Sarco Engineering (LON:SPX) last posted its quarterly earnings data on Tuesday, March 10th. The company reported GBX 296.30 earnings per share for the quarter. Spirax-Sarco Engineering had a return on equity of 13.86% and a net margin of 9.60%. As a group, sell-side analysts forecast that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current year.

Insider Activity at Spirax-Sarco Engineering

In other news, insider Nimesh Patel acquired 1,423 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average price of GBX 7,370 per share, for a total transaction of £104,875.10. Also, insider Louisa Burdet sold 671 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of GBX 6,655, for a total value of £44,655.05. 0.61% of the stock is currently owned by corporate insiders.

About Spirax-Sarco Engineering

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.