Spirax-Sarco Engineering (LON:SPX) Stock Keeps “Hold” Rating at Deutsche Bank Aktiengesellschaft

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Thursday, Digital Look reports. They currently have a GBX 7,500 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 3.59% from the company’s previous close.

Several other equities analysts have also issued reports on SPX. Berenberg Bank restated a “hold” rating and set a GBX 7,350 price target on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th. JPMorgan Chase & Co. increased their price objective 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, Jefferies Financial Group restated a “buy” rating and issued a GBX 8,740 target price on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Spirax-Sarco Engineering has a consensus rating of “Hold” and an average price target of GBX 8,155.

Spirax-Sarco Engineering Trading Up 0.9%

Spirax-Sarco Engineering stock traded up GBX 65 during mid-day trading on Thursday, hitting GBX 7,240. The company’s stock had a trading volume of 162,500 shares, compared to its average volume of 2,503,301. The business has a 50 day moving average price of GBX 7,076.40 and a 200-day moving average price of GBX 6,999.46. 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 has a 12 month low of GBX 5,950 and a 12 month high of GBX 8,050. The stock has a market cap of £5.34 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14.

Spirax-Sarco Engineering (LON:SPX) last announced 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 return on equity of 16.03% and a net margin of 11.36%. As a group, analysts forecast that Spirax-Sarco Engineering will post 334.5410628 EPS 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.