Spirax-Sarco Engineering (LON:SPX) Given Buy Rating at Jefferies Financial Group

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “buy” rating restated by Jefferies Financial Group in a report issued on Wednesday,London Stock Exchange reports. They currently have a GBX 8,740 price target on the stock. Jefferies Financial Group’s price target points to a potential upside of 20.97% from the company’s current price.

SPX has been the subject of several other research reports. UBS Group reiterated a “buy” rating and issued a £105 price objective on shares of Spirax-Sarco Engineering in a research note on Monday, May 11th. JPMorgan Chase & Co. increased their price target on Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 8,182.22.

Spirax-Sarco Engineering Stock Performance

Shares of LON SPX opened at GBX 7,225 on Wednesday. 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 £5.33 billion, a P/E ratio of 32.66, a P/E/G ratio of 2.20 and a beta of 1.14. Spirax-Sarco Engineering has a 12 month low of GBX 5,950 and a 12 month high of GBX 8,050. The stock has a 50 day moving average of GBX 6,901.37 and a 200-day moving average of GBX 7,115.80.

Spirax-Sarco Engineering (LON:SPX) last announced its quarterly earnings results on Tuesday, August 11th. The company reported GBX 150 EPS for the quarter. Spirax-Sarco Engineering had a net margin of 9.60% and a return on equity of 13.86%. As a group, equities research analysts predict that Spirax-Sarco Engineering will post 334.5410628 EPS for the current year.

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.