Spirax-Sarco Engineering (LON:SPX) Stock Keeps Hold Rating at Deutsche Bank Aktiengesellschaft

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “hold” rating restated by equities researchers at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 7,500 price objective on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 3.59% from the company’s current price.

A number of other equities research analysts have also recently commented on SPX. Berenberg Bank reiterated a “hold” rating and set a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th. JPMorgan Chase & Co. upped their price objective on Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 8,740 price objective on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 8,155.

Spirax-Sarco Engineering Stock Up 0.9%

SPX opened at GBX 7,240 on Thursday. The company has a debt-to-equity ratio of 86.79, a current ratio of 2.14 and a quick ratio of 1.73. The business has a 50 day simple moving average of GBX 7,076.40 and a 200-day simple moving average of GBX 6,996.98. The stock has a market capitalization of £5.34 billion, a P/E ratio of 26.97, a P/E/G ratio of 2.20 and a beta of 1.14. Spirax-Sarco Engineering has a 12 month low of GBX 5,950 and a 12 month high of GBX 8,050.

Spirax-Sarco Engineering (LON:SPX) last released its quarterly earnings data on Tuesday, August 11th. The company reported GBX 150 EPS for the quarter. Spirax-Sarco Engineering had a net margin of 11.36% and a return on equity of 16.03%. On average, equities analysts anticipate that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current fiscal year.

About Spirax-Sarco Engineering

Spirax Group is positioned to play a critical role in enabling the industrial transition to net zero, aligned to our Purpose to create sustainable value for all our stakeholders as we engineer a more efficient, safer and sustainable world. We put solving customers’ problems at the heart of our total solutions approach. Our global thermal energy and fluid technology solutions improve operating efficiency and safety in our customers’ critical industrial processes. Our new-to-world decarbonisation* solutions will use our proprietary technologies to electrify boilers for the raising of steam, as well as the electrification of other critical industrial process heating applications.