Spirax-Sarco Engineering plc (LON:SPX) Receives GBX 8,540 Average Price Target from Analysts

Spirax-Sarco Engineering plc (LON:SPX) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 8,540.

Several equities research analysts recently issued reports on SPX shares. UBS Group upgraded 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. Deutsche Bank Aktiengesellschaft lifted their price target on Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the stock a “hold” rating in a research note on Thursday, November 13th. Shore Capital reissued a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Thursday, November 13th. JPMorgan Chase & Co. lifted their target price on shares of Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 8,500 target price on shares of Spirax-Sarco Engineering in a research report on Thursday, November 13th.

Spirax-Sarco Engineering Stock Performance

SPX opened at GBX 7,110 on Friday. The firm’s fifty day simple moving average is GBX 6,849.36 and its two-hundred day simple moving average is GBX 6,753.09. Spirax-Sarco Engineering has a 52-week low of GBX 5,380 and a 52-week high of GBX 8,245. The company has a market cap of £5.25 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 2.20 and a beta of 0.68. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85.

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.