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

Spirax-Sarco Engineering plc (LON:SPX) has earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat reports. One research 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 1 year target price among brokerages that have covered the stock in the last year is GBX 8,012.50.

A number of equities research analysts recently commented on the company. 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, March 11th. Stifel Nicolaus increased their price target on Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the stock a “hold” rating in a research report on Wednesday, March 11th. UBS Group restated a “buy” rating and set a £105 price target on shares of Spirax-Sarco Engineering in a research report on Monday. Royal Bank Of Canada increased their price target on Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the stock an “underperform” rating in a research report on Wednesday, March 11th. Finally, Shore Capital Group reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, March 10th.

Spirax-Sarco Engineering Stock Down 3.1%

LON SPX opened at GBX 6,920 on Friday. The firm has a market cap of £5.11 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15. Spirax-Sarco Engineering has a one year low of GBX 5,535 and a one year high of GBX 8,050. The stock’s 50 day simple moving average is GBX 7,107.89 and its 200 day simple moving average is GBX 7,113.82. The company has a debt-to-equity ratio of 83.78, a current ratio of 1.85 and a quick ratio of 1.73.

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

Insiders Place Their Bets

In other Spirax-Sarco Engineering news, insider Louisa Burdet sold 671 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of GBX 6,655, for a total value of £44,655.05. Also, insider Nimesh Patel acquired 1,423 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was purchased at an average price of GBX 7,370 per share, for a total transaction of £104,875.10. 0.61% of the stock is currently owned by company insiders.

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.