Spirax-Sarco Engineering (LON:SPX) Given “Hold” Rating at Shore Capital

Shore Capital reaffirmed their hold rating on shares of Spirax-Sarco Engineering (LON:SPX) in a report published on Thursday, MarketBeat Ratings reports.

A number of other analysts also recently commented on SPX. UBS Group raised Spirax-Sarco Engineering to a “buy” rating and boosted their price objective for the stock from GBX 7,500 to £105 in a research note on Tuesday, October 28th. Peel Hunt reaffirmed a “buy” rating and set a GBX 8,500 target price on shares of Spirax-Sarco Engineering in a report on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Spirax-Sarco Engineering from GBX 7,400 to GBX 7,500 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Finally, Citigroup raised their price objective on shares of Spirax-Sarco Engineering from GBX 8,000 to GBX 8,400 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 8,480.

Spirax-Sarco Engineering Price Performance

Shares of Spirax-Sarco Engineering stock traded down GBX 230 on Thursday, hitting GBX 6,930. The company had a trading volume of 27,849,082 shares, compared to its average volume of 743,087. Spirax-Sarco Engineering has a 52 week low of GBX 5,380 and a 52 week high of GBX 8,245. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73. The company has a market cap of £5.11 billion, a PE ratio of 31.49, a PEG ratio of 2.20 and a beta of 0.68. The business has a 50-day simple moving average of GBX 7,001.47 and a 200-day simple moving average of GBX 6,504.32.

Spirax-Sarco Engineering (LON:SPX) last announced its earnings results on Tuesday, August 12th. The company reported GBX 137.60 EPS for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. Research analysts expect that Spirax-Sarco Engineering will post 334.5410628 EPS for the current fiscal year.

About Spirax-Sarco Engineering

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.