Morgan Stanley Reiterates “Equal weight” Rating for Spirax-Sarco Engineering (LON:SPX)

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Morgan Stanley reissued their equal weight rating on shares of Spirax-Sarco Engineering (LON:SPX) in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports.

Other equities analysts have also issued reports about the company. Deutsche Bank dropped their price target on Broadcom from $330.00 to $315.00 and set a buy rating on the stock in a research note on Friday, June 14th. Peel Hunt reissued a buy rating on shares of Costain Group in a research note on Friday, June 28th. Berenberg Bank set a €54.00 ($62.79) price target on 1&1 Drillisch and gave the company a buy rating in a research note on Thursday, May 16th. UBS Group raised to a neutral rating and boosted their price target for the company from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a research note on Thursday, June 20th. Finally, Goldman Sachs Group lowered EXPERIAN PLC/ADR from a buy rating to a neutral rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of GBX 7,240 ($94.60).

Shares of SPX opened at GBX 8,695 ($113.62) on Thursday. Spirax-Sarco Engineering has a 52-week low of GBX 5,875 ($76.77) and a 52-week high of GBX 9,440 ($123.35). The company has a debt-to-equity ratio of 55.14, a quick ratio of 1.80 and a current ratio of 2.49. The firm has a 50 day simple moving average of GBX 8,850.70. The firm has a market capitalization of $6.41 billion and a price-to-earnings ratio of 28.79.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions for users of industrial and commercial steam systems, electrical heating and temperature management systems, and process fluid paths and pumping systems. It offers condensate management products, such as steam traps, condensate return pumps, and isolation valves; controls, including automatic control valves, pressure regulators, and temperature controls; and thermal energy management products comprising metering products, boiler house products, heat transfer packages, and energy services.

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Analyst Recommendations for Spirax-Sarco Engineering (LON:SPX)

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