Shore Capital Reaffirms Hold Rating for Spirax-Sarco Engineering (LON:SPX)

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “hold” rating restated by equities researchers at Shore Capital in a report released on Thursday, Marketbeat Ratings reports.

A number of other brokerages also recently commented on SPX. JPMorgan Chase & Co. upped their target price on Spirax-Sarco Engineering from GBX 7,400 to GBX 7,500 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Peel Hunt reissued a “buy” rating and issued a GBX 8,500 price target on shares of Spirax-Sarco Engineering in a research report on Thursday. UBS Group upgraded shares of Spirax-Sarco Engineering to a “buy” rating and raised their price objective for the company from GBX 7,500 to £105 in a research note on Tuesday, October 28th. Finally, Citigroup lifted their target price on shares of Spirax-Sarco Engineering from GBX 8,000 to GBX 8,400 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 8,725.

Spirax-Sarco Engineering Price Performance

LON SPX traded up GBX 175 during trading hours on Thursday, reaching GBX 7,260. 940,327 shares of the stock traded hands, compared to its average volume of 623,796. The company has a market cap of £5.35 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The stock has a 50 day simple moving average of GBX 6,999.99 and a two-hundred day simple moving average of GBX 6,499.74. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73. Spirax-Sarco Engineering has a 1 year low of GBX 5,380 and a 1 year high of GBX 8,245.

Spirax-Sarco Engineering (LON:SPX) last posted 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%. On average, 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.