Spirax-Sarco Engineering (LON:SPX – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported GBX 286.30 ($3.71) EPS 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 Price Performance
SPX stock opened at GBX 7,095 ($92.01) on Thursday. The business has a fifty day moving average of GBX 7,383.68 and a two-hundred day moving average of GBX 7,179.08. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85. The stock has a market cap of £5.22 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. Spirax-Sarco Engineering has a 52-week low of GBX 6,350 ($82.35) and a 52-week high of £107.30 ($139.15).
Analysts Set New Price Targets
SPX has been the topic of several research reports. JPMorgan Chase & Co. decreased their target price on Spirax-Sarco Engineering from GBX 7,800 ($101.15) to GBX 7,700 ($99.86) and set a “neutral” rating on the stock in a research report on Wednesday. Shore Capital restated a “sell” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday. Finally, Citigroup restated a “buy” rating on shares of Spirax-Sarco Engineering in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Spirax-Sarco Engineering has an average rating of “Hold” and an average target price of GBX 8,478 ($109.95).
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.
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