Spirax-Sarco Engineering plc (LON:SPX) Receives GBX 8,012.50 Average PT from Analysts

Shares of Spirax-Sarco Engineering plc (LON:SPX) have received an average rating of “Hold” from the nine research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 8,012.50.

SPX has been the topic of several recent analyst reports. Royal Bank Of Canada increased their price objective on shares of Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the stock an “underperform” rating in a report on Wednesday, March 11th. Stifel Nicolaus increased their price objective on shares of Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the stock a “hold” rating in a report on Wednesday, March 11th. Shore Capital Group reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a report on Tuesday, March 10th. UBS Group reiterated a “buy” rating and set a £105 price objective on shares of Spirax-Sarco Engineering in a report on Monday, May 11th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 7,350 price objective on shares of Spirax-Sarco Engineering in a report on Wednesday, March 11th.

Insider Activity

In other news, insider Nimesh Patel sold 804 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of GBX 6,655, for a total transaction of £53,506.20. Also, insider Louisa Burdet sold 671 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of GBX 6,655, for a total transaction of £44,655.05. Corporate insiders own 0.54% of the company’s stock.

Spirax-Sarco Engineering Price Performance

LON:SPX opened at GBX 6,890 on Tuesday. The firm has a market cap of £5.08 billion, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 2.20 and a beta of 1.13. The company has a current ratio of 1.85, a quick ratio of 1.73 and a debt-to-equity ratio of 83.78. The company’s 50-day moving average is GBX 7,112.16 and its two-hundred day moving average is GBX 7,098.74. Spirax-Sarco Engineering has a 12-month low of GBX 5,735 and a 12-month high of GBX 8,050.

Spirax-Sarco Engineering (LON:SPX) last announced its quarterly earnings data on Tuesday, March 10th. The company reported GBX 296.30 earnings per share for the quarter. Spirax-Sarco Engineering had a net margin of 9.60% and a return on equity of 13.86%. Research analysts expect 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.