Analysts Set Spirax-Sarco Engineering plc (LON:SPX) Target Price at GBX 8,067.14

Spirax-Sarco Engineering plc (LON:SPX) has received a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 8,245 ($107.74).

Several research analysts have weighed in on the stock. Royal Bank of Canada reiterated an “underperform” rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, October 9th. Bank of America decreased their target price on shares of Spirax-Sarco Engineering from £105 ($137.20) to GBX 9,500 ($124.13) and set a “buy” rating for the company in a research note on Thursday, October 10th. Peel Hunt upgraded shares of Spirax-Sarco Engineering to an “add” rating in a report on Wednesday, November 13th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Spirax-Sarco Engineering in a research note on Thursday. Finally, Berenberg Bank dropped their price target on shares of Spirax-Sarco Engineering from £105.10 ($137.33) to GBX 9,680 ($126.49) and set a “buy” rating on the stock in a research note on Thursday, August 15th.

Shares of SPX stock traded up GBX 45 ($0.59) during trading on Tuesday, hitting GBX 8,845 ($115.58). 80,457 shares of the company were exchanged, compared to its average volume of 143,754. The business’s 50-day simple moving average is GBX 8,249.98 and its 200 day simple moving average is GBX 8,351.67. Spirax-Sarco Engineering has a twelve month low of GBX 5,875 ($76.77) and a twelve month high of GBX 9,440 ($123.35). The firm has a market capitalization of $6.48 billion and a price-to-earnings ratio of 29.54. The company has a debt-to-equity ratio of 77.00, a quick ratio of 1.43 and a current ratio of 2.20.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions for users of industrial and commercial steam systems, electrical heating and temperature management systems, and process fluid paths and pumping systems. It offers condensate management products, such as steam traps, condensate return pumps, and isolation valves; controls, including automatic control valves, pressure regulators, and temperature controls; and thermal energy management products comprising metering products, boiler house products, heat transfer packages, and energy services.

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Analyst Recommendations for Spirax-Sarco Engineering (LON:SPX)

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