Spirax-Sarco Engineering’s (SPX) Buy Rating Reiterated at Jefferies Financial Group

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Financial Group in a report released on Wednesday, Digital Look reports. They currently have a GBX 8,955 price objective on the stock. Jefferies Financial Group‘s price target points to a potential upside of 17.21% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 7,500 target price on shares of Spirax-Sarco Engineering in a research report on Thursday, October 1st. 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 note on Wednesday, August 12th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 7,350 price objective on shares of Spirax-Sarco Engineering in a 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Spirax-Sarco Engineering presently has a consensus rating of “Hold” and a consensus price target of GBX 8,181.88.

Spirax-Sarco Engineering Stock Performance

Shares of Spirax-Sarco Engineering stock opened at GBX 7,640 on Wednesday. The company has a market cap of £5.64 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14. Spirax-Sarco Engineering has a 52 week low of GBX 5,950 and a 52 week high of GBX 8,050. The business has a 50 day moving average price of GBX 7,188.92 and a 200-day moving average price of GBX 7,132.41. The company has a quick ratio of 1.73, a current ratio of 2.14 and a debt-to-equity ratio of 86.79.

Spirax-Sarco Engineering (LON:SPX) last announced its quarterly earnings results on Tuesday, August 11th. The company reported GBX 150 earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a return on equity of 16.03% and a net margin of 11.36%. Equities analysts anticipate that Spirax-Sarco Engineering will post 334.54 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.