Spirax-Sarco Engineering plc (LON:SPX) Given Average Rating of “Hold” by Analysts

Spirax-Sarco Engineering plc (LON:SPX) has received a consensus rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 8,012.50.

Separately, UBS Group restated a “buy” rating and set a £105 price objective on shares of Spirax-Sarco Engineering in a research report on Monday, May 11th.

Spirax-Sarco Engineering Price Performance

Spirax-Sarco Engineering stock opened at GBX 6,940 on Wednesday. The stock has a market capitalization of £5.12 billion, a P/E ratio of 31.37, a P/E/G ratio of 2.20 and a beta of 1.15. The company’s fifty day moving average price is GBX 6,844.89 and its 200 day moving average price is GBX 7,105.97. The company has a debt-to-equity ratio of 83.78, a quick ratio of 1.73 and a current ratio of 1.85. Spirax-Sarco Engineering has a 1 year low of GBX 5,950 and a 1 year high of GBX 8,050.

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.