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

Spirax-Sarco Engineering plc (LON:SPX) has earned an average rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 8,155.

SPX has been the subject of a number of recent analyst reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 7,350 price objective on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th. Jefferies Financial Group reissued a “buy” rating and set a GBX 8,740 target price on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th. JPMorgan Chase & Co. increased their price target on Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 7,500 price target on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th.

Spirax-Sarco Engineering Stock Up 0.7%

Spirax-Sarco Engineering stock opened at GBX 6,905 on Thursday. The firm has a market capitalization of £5.10 billion, a PE ratio of 25.73, a P/E/G ratio of 2.20 and a beta of 1.14. The company’s 50-day moving average is GBX 6,993.60 and its 200-day moving average is GBX 7,012.65. Spirax-Sarco Engineering has a fifty-two week low of GBX 5,950 and a fifty-two week high of GBX 8,050. The company has a debt-to-equity ratio of 86.79, a current ratio of 2.14 and a quick ratio of 1.73.

Spirax-Sarco Engineering (LON:SPX) last issued its earnings results on Tuesday, August 11th. The company reported GBX 150 earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a net margin of 11.36% and a return on equity of 16.03%. Sell-side analysts anticipate that Spirax-Sarco Engineering will post 334.5410628 earnings per share 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.