Spirax-Sarco Engineering plc (LON:SPX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Spirax-Sarco Engineering plc (LON:SPX) have earned a consensus rating of “Hold” from the nine analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 8,012.50.

A number of research analysts have recently issued reports on SPX shares. Shore Capital Group reaffirmed a “hold” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, March 10th. Royal Bank Of Canada increased their target price on shares of Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the company an “underperform” rating in a research report on Wednesday, March 11th. Stifel Nicolaus raised their target price on shares of Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the company a “hold” rating in a research note on Wednesday, March 11th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 7,350 price target on shares of Spirax-Sarco Engineering in a report on Wednesday, March 11th.

Spirax-Sarco Engineering Price Performance

Shares of SPX stock opened at GBX 7,400 on Friday. Spirax-Sarco Engineering has a 1-year low of GBX 5,535 and a 1-year high of GBX 8,050. The stock’s 50-day moving average is GBX 7,161.24 and its 200 day moving average is GBX 7,102.70. The company has a market cap of £5.46 billion, a P/E ratio of 33.45, a PEG ratio of 2.20 and a beta of 1.15. The company has a debt-to-equity ratio of 83.78, a current ratio of 1.85 and a quick ratio of 1.73.

Spirax-Sarco Engineering (LON:SPX) last announced its earnings results on Tuesday, March 10th. The company reported GBX 296.30 EPS for the quarter. Spirax-Sarco Engineering had a net margin of 9.60% and a return on equity of 13.86%. Research analysts predict that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Louisa Burdet sold 671 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of GBX 6,655, for a total transaction of £44,655.05. Also, insider Nimesh Patel sold 804 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of GBX 6,655, for a total value of £53,506.20. 0.61% of the stock is owned by company insiders.

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.