Spirax-Sarco Engineering’s (SPX) Hold Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Spirax-Sarco Engineering (LON:SPX) in a research report released on Wednesday morning,Digital Look reports. Berenberg Bank currently has a GBX 7,350 price target on the stock.

Separately, UBS Group reissued a “buy” rating and issued a £105 price objective on shares of Spirax-Sarco Engineering in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 8,155.

Spirax-Sarco Engineering Trading Down 0.7%

LON SPX opened at GBX 7,082.37 on Wednesday. The stock has a market cap of £5.23 billion, a P/E ratio of 32.02, a PEG ratio of 2.20 and a beta of 1.14. The company’s fifty day simple moving average is GBX 6,918.55 and its 200-day simple moving average is GBX 7,114.92. 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 released its quarterly earnings results on Tuesday, August 11th. The company reported GBX 150 earnings per share for the quarter. Spirax-Sarco Engineering had a net margin of 11.36% and a return on equity of 16.03%. Equities research analysts predict that Spirax-Sarco Engineering will post 334.5410628 EPS for the current fiscal year.

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.