Analysts Set Spirax-Sarco Engineering plc (LON:SPX) Price Target at GBX 8,540

Shares of Spirax-Sarco Engineering plc (LON:SPX) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 8,540.

A number of analysts recently issued reports on the company. UBS Group raised Spirax-Sarco Engineering to a “buy” rating and lifted their price objective for the company from GBX 7,500 to £105 in a research report on Tuesday, October 28th. Shore Capital Group reaffirmed a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Thursday, November 13th. Peel Hunt reiterated a “buy” rating and set a GBX 8,500 price target on shares of Spirax-Sarco Engineering in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft boosted their price target on Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the company a “hold” rating in a research note on Thursday, November 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the company a “neutral” rating in a research report on Thursday, December 4th.

Spirax-Sarco Engineering Trading Up 1.3%

Shares of LON:SPX opened at GBX 7,920.50 on Friday. The firm has a fifty day moving average of GBX 7,221.40 and a two-hundred day moving average of GBX 7,055.62. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85. Spirax-Sarco Engineering has a 12-month low of GBX 5,380 and a 12-month high of GBX 8,050. The firm has a market capitalization of £5.85 billion, a P/E ratio of 35.99, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68.

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. It creates more distinction between the Group and its Spirax Sarco trading Division (part of Steam Thermal Solutions), providing improved clarity for all stakeholders.