Spirax-Sarco Engineering plc (LON:SPX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Spirax-Sarco Engineering plc (LON:SPXGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 8,540.

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised 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 report on Thursday, December 4th. Peel Hunt restated a “buy” rating and issued a GBX 8,500 price target on shares of Spirax-Sarco Engineering in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of 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 Group restated a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Thursday, November 13th.

Check Out Our Latest Analysis on SPX

Spirax-Sarco Engineering Trading Down 0.0%

Shares of LON:SPX opened at GBX 7,895 on Friday. Spirax-Sarco Engineering has a 12-month low of GBX 5,380 and a 12-month high of GBX 8,050. The business’s fifty day simple moving average is GBX 7,269.66 and its 200-day simple moving average is GBX 7,066.90. The company has a market capitalization of £5.83 billion, a PE ratio of 35.87, a P/E/G ratio of 2.20 and a beta of 0.68. The company has a current ratio of 2.25, a quick ratio of 1.73 and a debt-to-equity ratio of 98.85.

About Spirax-Sarco Engineering

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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.

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

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