Spirax-Sarco Engineering (LON:SPX) Stock Keeps Hold Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of Spirax-Sarco Engineering (LON:SPX) in a research note published on Thursday,Digital Look reports. The firm currently has a GBX 7,500 price target on the stock.

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

Spirax-Sarco Engineering Price Performance

LON:SPX opened at GBX 7,140 on Thursday. Spirax-Sarco Engineering has a 52 week low of GBX 5,950 and a 52 week high of GBX 8,050. The company has a quick ratio of 1.73, a current ratio of 2.14 and a debt-to-equity ratio of 86.79. The company has a market capitalization of £5.27 billion, a P/E ratio of 26.60, a P/E/G ratio of 2.20 and a beta of 1.14. The stock’s fifty day moving average is GBX 7,073.20 and its two-hundred day moving average is GBX 6,995.27.

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%. Equities analysts expect 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.