Brokerages Set Spirax-Sarco Engineering plc (LON:SPX) PT at GBX 8,540

Shares of Spirax-Sarco Engineering plc (LON:SPX) have received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 8,540.

A number of brokerages have weighed in on SPX. Peel Hunt reaffirmed a “buy” rating and issued a GBX 8,500 target price on shares of Spirax-Sarco Engineering in a research note on Thursday, November 13th. Shore Capital reissued a “hold” rating on shares of Spirax-Sarco Engineering in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the stock a “hold” rating in a research report 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 research report on Thursday, December 4th. Finally, UBS Group raised Spirax-Sarco Engineering to a “buy” rating and lifted their target price for the company from GBX 7,500 to £105 in a research note on Tuesday, October 28th.

Spirax-Sarco Engineering Stock Down 1.9%

Shares of LON SPX opened at GBX 6,855 on Friday. The firm’s 50-day simple moving average is GBX 6,861.96 and its 200 day simple moving average is GBX 6,733.17. The company has a market cap of £5.05 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85. Spirax-Sarco Engineering has a 12-month low of GBX 5,380 and a 12-month high of GBX 8,245.

Spirax-Sarco Engineering Company Profile

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.