Spirax-Sarco Engineering (LON:SPX) Earns “Neutral” Rating from UBS Group
UBS Group reaffirmed their neutral rating on shares of Spirax-Sarco Engineering (LON:SPX) in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.
SPX has been the topic of several other reports. Berenberg Bank cut their target price on Spirax-Sarco Engineering from £105.10 ($138.25) to GBX 9,680 ($127.33) and set a buy rating on the stock in a report on Thursday, August 15th. Peel Hunt upgraded Spirax-Sarco Engineering to an add rating in a research report on Wednesday, November 13th. Bank of America cut their price objective on Spirax-Sarco Engineering from £105 ($138.12) to GBX 9,500 ($124.97) and set a buy rating on the stock in a research note on Thursday, October 10th. Royal Bank of Canada reaffirmed an underperform rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, October 9th. Finally, BNP Paribas upped their target price on Spirax-Sarco Engineering from GBX 5,700 ($74.98) to GBX 7,250 ($95.37) and gave the company an underperform rating in a report on Thursday, November 28th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 8,262.73 ($108.69).
SPX stock opened at GBX 8,695 ($114.38) on Tuesday. The company has a fifty day moving average price of GBX 8,383.98 and a 200-day moving average price of GBX 8,355.22. The company has a market capitalization of $6.41 billion and a P/E ratio of 29.04. Spirax-Sarco Engineering has a 52-week low of GBX 5,875 ($77.28) and a 52-week high of GBX 9,440 ($124.18). The company has a debt-to-equity ratio of 77.00, a quick ratio of 1.43 and a current ratio of 2.20.
Spirax-Sarco Engineering plc provides engineered solutions for users of industrial and commercial steam systems, electrical heating and temperature management systems, and process fluid paths and pumping systems. It offers condensate management products, such as steam traps, condensate return pumps, and isolation valves; controls, including automatic control valves, pressure regulators, and temperature controls; and thermal energy management products comprising metering products, boiler house products, heat transfer packages, and energy services.
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