Spirax-Sarco Engineering (LON:SPX) Price Target Raised to GBX 7,500

Spirax-Sarco Engineering (LON:SPX) had its target price increased by research analysts at Deutsche Bank Aktiengesellschaft from GBX 7,250 to GBX 7,500 in a research report issued to clients and investors on Thursday,London Stock Exchange reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 8.23% from the stock’s current price.

SPX has been the subject of several other reports. Shore Capital reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a report on Thursday. Citigroup boosted their price objective on shares of Spirax-Sarco Engineering from GBX 8,000 to GBX 8,400 and gave the company a “buy” rating in a report on Wednesday, August 13th. Peel Hunt restated a “buy” rating and issued a GBX 8,500 target price on shares of Spirax-Sarco Engineering in a report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of 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. Finally, UBS Group raised Spirax-Sarco Engineering to a “buy” rating and lifted their price objective for the stock from GBX 7,500 to £105 in a report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 8,480.

Spirax-Sarco Engineering Stock Down 3.2%

Shares of SPX traded down GBX 230 on Thursday, hitting GBX 6,930. 27,849,082 shares of the stock traded hands, compared to its average volume of 743,087. The company has a market capitalization of £5.11 billion, a PE ratio of 31.49, a P/E/G ratio of 2.20 and a beta of 0.68. 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 business has a 50 day simple moving average of GBX 7,001.47 and a 200 day simple moving average of GBX 6,504.32. Spirax-Sarco Engineering has a one year low of GBX 5,380 and a one year high of GBX 8,245.

Spirax-Sarco Engineering (LON:SPX) last issued its earnings results on Tuesday, August 12th. The company reported GBX 137.60 EPS for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. As a group, equities analysts forecast that Spirax-Sarco Engineering will post 334.5410628 earnings per share 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.