Spirax-Sarco Engineering (LON:SPX) Price Target Raised to GBX 6,800

Spirax-Sarco Engineering (LON:SPX) had its target price increased by Royal Bank Of Canada from GBX 6,000 to GBX 6,800 in a report published on Wednesday morning, Marketbeat reports. They currently have an underperform rating on the stock.

A number of other research analysts also recently weighed in on SPX. Shore Capital Group restated a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday. Peel Hunt reiterated a “buy” rating and set a GBX 8,500 price objective on shares of Spirax-Sarco Engineering in a research note on Thursday, November 13th. JPMorgan Chase & Co. increased their price objective on Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the company a “neutral” rating in a report on Thursday, December 4th. 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. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the stock a “hold” rating in a report on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 8,012.50.

Spirax-Sarco Engineering Trading Down 4.5%

Shares of LON:SPX opened at GBX 6,855 on Wednesday. The company’s 50-day moving average price is GBX 7,381.70 and its two-hundred day moving average price is GBX 7,088.42. Spirax-Sarco Engineering has a one year low of GBX 5,380 and a one year high of GBX 8,050. The company has a debt-to-equity ratio of 83.78, a current ratio of 1.85 and a quick ratio of 1.73. The stock has a market capitalization of £5.07 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 2.20 and a beta of 1.13.

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

Insiders Place Their Bets

In other Spirax-Sarco Engineering news, insider Nimesh Patel purchased 1,423 shares of the stock in a transaction on Tuesday, March 10th. The shares were purchased at an average price of GBX 7,370 per share, with a total value of £104,875.10. Insiders purchased a total of 1,427 shares of company stock worth $10,515,980 over the last 90 days. 0.61% of the stock is owned by insiders.

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. It creates more distinction between the Group and its Spirax Sarco trading Division (part of Steam Thermal Solutions), providing improved clarity for all stakeholders.