Spirax-Sarco Engineering (LON:SPX) Receives “Buy” Rating from Peel Hunt

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 8,500 price objective on the stock. Peel Hunt’s price objective indicates a potential upside of 16.36% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Shore Capital reaffirmed an “under review” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, August 12th. JPMorgan Chase & Co. lifted their price target on Spirax-Sarco Engineering from GBX 7,400 to GBX 7,500 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. UBS Group raised Spirax-Sarco Engineering to a “buy” rating and upped their price objective for the stock from GBX 7,500 to £105 in a research report on Tuesday, October 28th. Finally, Citigroup lifted their target price on Spirax-Sarco Engineering from GBX 8,000 to GBX 8,400 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 8,725.

Spirax-Sarco Engineering Price Performance

Shares of SPX opened at GBX 7,305 on Thursday. The stock has a 50 day simple moving average of GBX 6,999.99 and a 200 day simple moving average of GBX 6,499.74. Spirax-Sarco Engineering has a 52-week low of GBX 5,380 and a 52-week high of GBX 8,245. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25. The firm has a market capitalization of £5.38 billion, a PE ratio of 33.19, a P/E/G ratio of 2.20 and a beta of 0.68.

Spirax-Sarco Engineering (LON:SPX) last announced its quarterly earnings results on Tuesday, August 12th. The company reported GBX 137.60 earnings per share for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. Sell-side analysts predict that Spirax-Sarco Engineering will post 334.5410628 EPS for the current fiscal year.

Spirax-Sarco Engineering Company Profile

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.