Spirax-Sarco Engineering (LON:SPX) Earns Hold Rating from Deutsche Bank Aktiengesellschaft

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

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

Spirax-Sarco Engineering Stock Performance

LON SPX opened at GBX 7,240 on Thursday. The stock has a market capitalization of £5.34 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 2.20 and a beta of 1.14. The business’s 50 day moving average is GBX 7,076.40 and its two-hundred day moving average is GBX 6,996.98. Spirax-Sarco Engineering has a 12-month low of GBX 5,950 and a 12-month high of GBX 8,050. The company has a current ratio of 2.14, a quick ratio of 1.73 and a debt-to-equity ratio of 86.79.

Spirax-Sarco Engineering (LON:SPX) last posted its quarterly earnings results on Tuesday, August 11th. The company reported GBX 150 EPS for the quarter. Spirax-Sarco Engineering had a return on equity of 16.03% and a net margin of 11.36%. Research analysts expect 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.