Spirax-Sarco Engineering’s (SPX) Hold Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Thursday, Digital Look reports. They currently have a GBX 7,500 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 3.73% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 8,740 price target on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th. JPMorgan Chase & Co. raised their price objective on Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a research note on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Spirax-Sarco Engineering has an average rating of “Hold” and a consensus target price of GBX 8,155.

Spirax-Sarco Engineering Price Performance

Shares of SPX stock opened at GBX 7,230 on Thursday. Spirax-Sarco Engineering has a 1-year low of GBX 5,950 and a 1-year high of GBX 8,050. The company has a market cap of £5.34 billion, a P/E ratio of 26.94, a PEG ratio of 2.20 and a beta of 1.14. The company has a debt-to-equity ratio of 86.79, a current ratio of 2.14 and a quick ratio of 1.73. The stock’s 50-day moving average is GBX 7,073.20 and its 200 day moving average is GBX 6,995.27.

Spirax-Sarco Engineering (LON:SPX) last issued its quarterly earnings data 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%. Research analysts predict that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current fiscal 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.