Spirax-Sarco Engineering plc (LON:SPX) Receives GBX 8,012.50 Average Target Price from Analysts

Spirax-Sarco Engineering plc (LON:SPX) has received a consensus rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 8,012.50.

Several brokerages have recently weighed in on SPX. JPMorgan Chase & Co. upped their price target on shares of Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Shore Capital Group reissued a “hold” rating on shares of Spirax-Sarco Engineering in a report on Tuesday, March 10th. Stifel Nicolaus boosted their price objective on shares of Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the stock a “hold” rating in a research note on Wednesday, March 11th. Berenberg Bank restated a “hold” rating and set a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a report on Wednesday, March 11th. Finally, Royal Bank Of Canada lifted their price target on Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the company an “underperform” rating in a report on Wednesday, March 11th.

Insider Transactions at Spirax-Sarco Engineering

In other Spirax-Sarco Engineering news, insider Louisa Burdet sold 671 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of GBX 6,655, for a total value of £44,655.05. Also, insider Nimesh Patel sold 804 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of GBX 6,655, for a total transaction of £53,506.20. In the last ninety days, insiders have purchased 1,427 shares of company stock worth $10,515,980. 0.61% of the stock is owned by corporate insiders.

Spirax-Sarco Engineering Stock Performance

Shares of Spirax-Sarco Engineering stock opened at GBX 6,395 on Thursday. 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 firm’s 50-day moving average is GBX 7,346.10 and its 200 day moving average is GBX 7,066.45. The stock has a market cap of £4.73 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 2.20 and a beta of 1.13. Spirax-Sarco Engineering has a 1 year low of GBX 5,380 and a 1 year high of GBX 8,050.

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

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.