JPMorgan Chase & Co. Increases Spirax-Sarco Engineering (LON:SPX) Price Target to GBX 8,600

Spirax-Sarco Engineering (LON:SPX) had its price objective increased by investment analysts at JPMorgan Chase & Co. from GBX 7,800 to GBX 8,600 in a note issued to investors on Wednesday,Digital Look reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 18.87% from the company’s current price.

A number of other brokerages have also issued reports on SPX. UBS Group reissued a “buy” rating and set a £105 price target on shares of Spirax-Sarco Engineering in a research note on Monday, May 11th. Berenberg Bank reiterated a “hold” rating and set a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Spirax-Sarco Engineering currently has an average rating of “Hold” and a consensus target price of GBX 8,112.50.

Spirax-Sarco Engineering Stock Performance

Shares of LON:SPX opened at GBX 7,235 on Wednesday. The company has a market capitalization of £5.34 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 2.20 and a beta of 1.14. Spirax-Sarco Engineering has a 12 month low of GBX 5,950 and a 12 month high of GBX 8,050. The firm’s 50-day moving average is GBX 6,901.37 and its 200 day moving average is GBX 7,115.80. The company has a current ratio of 1.85, a quick ratio of 1.73 and a debt-to-equity ratio of 83.78.

Spirax-Sarco Engineering (LON:SPX) last posted its quarterly earnings data on Tuesday, August 11th. The company reported GBX 150 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 predict 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.