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

Shares of Spirax-Sarco Engineering plc (LON:SPX) have been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 8,155.

Several research firms have weighed in on SPX. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 7,500 target price on shares of Spirax-Sarco Engineering in a research note on Wednesday, August 12th. JPMorgan Chase & Co. raised their price target on shares of Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 7,350 price target on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 8,740 price objective on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th.

Spirax-Sarco Engineering Price Performance

Shares of SPX opened at GBX 6,935 on Thursday. The firm has a market cap of £5.12 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 2.20 and a beta of 1.14. The stock has a 50 day moving average of GBX 6,973.99 and a 200-day moving average of GBX 7,049.72. The company has a current ratio of 2.14, a quick ratio of 1.73 and a debt-to-equity ratio of 86.79. Spirax-Sarco Engineering has a 52 week low of GBX 5,950 and a 52 week high of GBX 8,050.

Spirax-Sarco Engineering (LON:SPX) last posted its quarterly earnings results on Tuesday, August 11th. The company reported GBX 150 earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a return on equity of 16.03% and a net margin of 11.36%. As a group, analysts forecast that Spirax-Sarco Engineering will post 334.5410628 EPS for the current year.

Spirax-Sarco Engineering Company Profile

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.