Spirax-Sarco Engineering (LON:SPX) Stock Keeps “Buy” Rating at Jefferies Financial Group

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 8,955 price objective on the stock. Jefferies Financial Group‘s price objective points to a potential upside of 17.21% from the stock’s previous close.

Several other equities analysts have also issued reports on SPX. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 7,500 price target on shares of Spirax-Sarco Engineering in a research note on Thursday, October 1st. Berenberg Bank reiterated 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. increased 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 note on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Spirax-Sarco Engineering presently has a consensus rating of “Hold” and an average target price of GBX 8,181.88.

Spirax-Sarco Engineering Stock Up 3.9%

Shares of Spirax-Sarco Engineering stock opened at GBX 7,640 on Wednesday. Spirax-Sarco Engineering has a one year low of GBX 5,950 and a one year high of GBX 8,050. The company has a debt-to-equity ratio of 86.79, a current ratio of 2.14 and a quick ratio of 1.73. The stock’s 50-day moving average is GBX 7,188.92 and its 200 day moving average is GBX 7,132.41. The firm has a market cap of £5.64 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 2.20 and a beta of 1.14.

Spirax-Sarco Engineering (LON:SPX) last issued its earnings results on Tuesday, August 11th. The company reported GBX 150 earnings per share for the quarter. Spirax-Sarco Engineering had a return on equity of 16.03% and a net margin of 11.36%. Equities research analysts anticipate that Spirax-Sarco Engineering will post 334.54 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.