Spirax-Sarco Engineering (LON:SPX – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported GBX 286.30 ($3.71) earnings per share for the quarter, Digital Look Earnings reports. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%.
Spirax-Sarco Engineering Trading Down 0.8 %
Shares of LON SPX traded down GBX 55 ($0.71) on Thursday, reaching GBX 7,085 ($91.88). 870,463 shares of the company traded hands, compared to its average volume of 1,510,414. Spirax-Sarco Engineering has a fifty-two week low of GBX 6,350 ($82.35) and a fifty-two week high of £107.30 ($139.15). The company has a 50 day moving average of GBX 7,383.68 and a 200 day moving average of GBX 7,179.08. The stock has a market capitalization of £5.22 billion, a PE ratio of 27.17, a P/E/G ratio of 2.20 and a beta of 0.68. The company has a current ratio of 2.25, a quick ratio of 1.73 and a debt-to-equity ratio of 98.85.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on SPX. Shore Capital restated a “sell” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday. Citigroup restated a “buy” rating on shares of Spirax-Sarco Engineering in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Spirax-Sarco Engineering from GBX 7,800 ($101.15) to GBX 7,700 ($99.86) and set a “neutral” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 8,478 ($109.95).
Spirax-Sarco Engineering Company Profile
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.
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