Spirax-Sarco Engineering plc (LON:SPX) Given Average Rating of “Moderate Buy” by Analysts

Spirax-Sarco Engineering plc (LON:SPX) has earned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 8,540.

A number of brokerages recently weighed in on SPX. UBS Group raised shares of Spirax-Sarco Engineering to a “buy” rating and lifted their target price for the stock from GBX 7,500 to £105 in a research note on Tuesday, October 28th. Peel Hunt reissued a “buy” rating and issued a GBX 8,500 price objective on shares of Spirax-Sarco Engineering in a research report on Thursday, November 13th. JPMorgan Chase & Co. boosted their price objective on Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft raised their target price on Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the stock a “hold” rating in a research note on Thursday, November 13th. Finally, Shore Capital reissued a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Thursday, November 13th.

Spirax-Sarco Engineering Stock Down 1.0%

Spirax-Sarco Engineering stock opened at GBX 6,880 on Friday. The firm has a market cap of £5.07 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 2.20 and a beta of 0.68. Spirax-Sarco Engineering has a 52-week low of GBX 5,380 and a 52-week high of GBX 8,245. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25. The firm has a 50 day moving average price of GBX 6,854.06 and a two-hundred day moving average price of GBX 6,742.77.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering rebrands as Spirax Group

On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.

Our new name respects our history and where we have come from, with who we are today. It creates more distinction between the Group and its Spirax Sarco trading Division (part of Steam Thermal Solutions), providing improved clarity for all stakeholders.