Spirax-Sarco Engineering plc (LON:SPX) Given Average Recommendation of “Hold” by Brokerages

Shares of Spirax-Sarco Engineering plc (LON:SPX) have received an average recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is £101.50 ($128.97).

Several equities analysts have weighed in on the company. Barclays dropped their price objective on Spirax-Sarco Engineering from £105.80 ($134.43) to GBX 9,960 ($126.56) and set an “equal weight” rating for the company in a report on Tuesday, April 9th. Numis Securities reiterated a “sell” rating on shares of Spirax-Sarco Engineering in a research note on Thursday, March 7th. Berenberg Bank boosted their target price on shares of Spirax-Sarco Engineering from GBX 8,800 ($111.82) to GBX 9,800 ($124.52) and gave the company a “hold” rating in a research report on Friday, March 8th. Bank of America restated a “buy” rating on shares of Spirax-Sarco Engineering in a research report on Thursday, April 11th. Finally, Shore Capital reiterated a “sell” rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, May 15th.

Spirax-Sarco Engineering Stock Up 0.5 %

Shares of SPX opened at GBX 8,610 ($109.40) on Friday. The company has a current ratio of 2.26, a quick ratio of 1.73 and a debt-to-equity ratio of 97.01. Spirax-Sarco Engineering has a 12 month low of GBX 7,900 ($100.38) and a 12 month high of £112.80 ($143.33). The firm’s 50 day moving average is GBX 9,004.74 and its 200-day moving average is GBX 9,713.31. The stock has a market capitalization of £6.34 billion, a PE ratio of 3,457.83, a P/E/G ratio of 2.63 and a beta of 0.71.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.