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

Shares of Spirax-Sarco Engineering plc (LON:SPX) have received a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 8,478 ($110.12).

A number of research analysts have recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, March 12th. Shore Capital reiterated a “sell” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. decreased their target price on Spirax-Sarco Engineering from GBX 7,800 ($101.31) to GBX 7,700 ($100.01) and set a “neutral” rating on the stock in a research report on Wednesday, March 12th.

Spirax-Sarco Engineering Trading Down 0.6 %

Shares of Spirax-Sarco Engineering stock opened at GBX 6,920 ($89.88) on Tuesday. Spirax-Sarco Engineering has a 1 year low of GBX 6,350 ($82.48) and a 1 year high of £106.95 ($138.91). The company has a 50 day simple moving average of GBX 7,404.08 and a two-hundred day simple moving average of GBX 7,163.80. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73. The firm has a market cap of £5.10 billion, a PE ratio of 26.54, a PEG ratio of 2.20 and a beta of 0.68.

Spirax-Sarco Engineering (LON:SPX) last released its quarterly earnings data on Tuesday, March 11th. The company reported GBX 286.30 ($3.72) EPS for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. Analysts expect that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current fiscal year.

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.