Spirax-Sarco Engineering (LON:SPX) Given “Hold” Rating at Deutsche Bank Aktiengesellschaft

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “hold” rating reiterated by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Thursday, October 1st, Digital Look reports. They currently have a GBX 7,500 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 6.01% from the company’s current price.

A number of other brokerages have also weighed in on SPX. JPMorgan Chase & Co. boosted their price objective on shares of Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 8,740 price target on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 7,350 price objective on shares of Spirax-Sarco Engineering in a research note on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 8,155.

Spirax-Sarco Engineering Trading Down 0.9%

SPX traded down GBX 65 during trading on Thursday, hitting GBX 7,075. 247,183 shares of the stock were exchanged, compared to its average volume of 2,454,761. The company has a debt-to-equity ratio of 86.79, a quick ratio of 1.73 and a current ratio of 2.14. The firm has a 50 day simple moving average of GBX 7,093.96 and a 200 day simple moving average of GBX 7,011.96. The firm has a market cap of £5.22 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 2.20 and a beta of 1.14. Spirax-Sarco Engineering has a 1 year low of GBX 5,950 and a 1 year high of GBX 8,050.

Spirax-Sarco Engineering (LON:SPX) last announced its quarterly earnings results on Tuesday, August 11th. The company reported GBX 150 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, equities analysts expect that Spirax-Sarco Engineering will post 334.5410628 EPS for the current 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.