Spirax-Sarco Engineering plc (LON:SPX) Stock Now Rated “Hold” by Sell-Side Analysts

Spirax-Sarco Engineering plc (LON:SPX) has been given an average recommendation of “Hold” by the nine research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 8,155.

Several brokerages have recently issued reports on SPX. Jefferies Financial Group reissued a “buy” rating and issued a GBX 8,740 price objective on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th. JPMorgan Chase & Co. boosted their price target on Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 7,500 price objective on shares of Spirax-Sarco Engineering in a research report on Thursday, October 1st. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th.

Spirax-Sarco Engineering Stock Up 3.4%

LON:SPX opened at GBX 7,250.22 on Monday. 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 company’s fifty day moving average price is GBX 7,100.06 and its 200-day moving average price is GBX 7,018.38. Spirax-Sarco Engineering has a 1-year low of GBX 5,950 and a 1-year high of GBX 8,050. The firm has a market capitalization of £5.35 billion, a P/E ratio of 27.01, a PEG ratio of 2.20 and a beta of 1.14.

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 net margin of 11.36% and a return on equity of 16.03%. As a group, equities research analysts anticipate that Spirax-Sarco Engineering will post 334.54 EPS for the current year.

Spirax-Sarco Engineering Company Profile

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.