Brokerages Set Spirax-Sarco Engineering plc (LON:SPX) Target Price at GBX 8,155

Shares of Spirax-Sarco Engineering plc (LON:SPX) have received a consensus recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 8,155.

Several equities research analysts recently weighed in on SPX shares. JPMorgan Chase & Co. increased their target price on Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the company a “neutral” rating in a report on Wednesday, August 12th. UBS Group reaffirmed a “buy” rating and issued a £105 price target on shares of Spirax-Sarco Engineering in a research note on Monday, May 11th. Jefferies Financial Group reiterated 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 7,500 price objective on shares of Spirax-Sarco Engineering in a research note on Wednesday, August 12th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th.

Spirax-Sarco Engineering Stock Performance

LON SPX opened at GBX 6,955 on Friday. The company has a 50-day simple moving average of GBX 6,937.45 and a two-hundred day simple moving average of GBX 7,104.89. 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 has a 12-month low of GBX 5,950 and a 12-month high of GBX 8,050. The firm has a market cap of £5.13 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 2.20 and a beta of 1.14.

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 return on equity of 16.03% and a net margin of 11.36%. On average, equities analysts forecast that Spirax-Sarco Engineering will post 334.5410628 EPS for the current 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.