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

Spirax-Sarco Engineering plc (LON:SPX) has been given a consensus recommendation of “Reduce” by the seven ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 8,672.50 ($109.02).

SPX has been the topic of a number of research analyst reports. Royal Bank of Canada decreased their target price on Spirax-Sarco Engineering from GBX 8,000 ($100.57) to GBX 7,000 ($87.99) and set an “underperform” rating on the stock in a research report on Thursday, August 15th. Shore Capital reaffirmed a “sell” rating on shares of Spirax-Sarco Engineering in a report on Friday, August 30th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 8,150 ($102.45) target price on shares of Spirax-Sarco Engineering in a report on Wednesday, September 25th.

Spirax-Sarco Engineering Stock Up 0.2 %

Shares of SPX stock opened at GBX 6,845 ($86.05) on Wednesday. The company’s fifty day simple moving average is GBX 6,897.56 and its two-hundred day simple moving average is GBX 7,923.88. Spirax-Sarco Engineering has a 52 week low of GBX 6,350 ($79.82) and a 52 week high of £112.80 ($141.80). The stock has a market cap of £5.04 billion, a P/E ratio of 2,625.42, 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 2.26 and a debt-to-equity ratio of 98.81.

Spirax-Sarco Engineering Company Profile

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.