Spirax-Sarco Engineering plc (LON:SPX) Stock Has Consensus Price Target of GBX 8,155 According to Analysts

Shares of Spirax-Sarco Engineering plc (LON:SPX) have been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 8,155.

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

Spirax-Sarco Engineering Trading Down 3.0%

Shares of Spirax-Sarco Engineering stock opened at GBX 7,140 on Monday. The firm has a 50-day simple moving average of GBX 7,093.96 and a two-hundred day simple moving average of GBX 7,011.96. The company has a debt-to-equity ratio of 86.79, a quick ratio of 1.73 and a current ratio of 2.14. Spirax-Sarco Engineering has a fifty-two week low of GBX 5,950 and a fifty-two week high of GBX 8,050. The company has a market cap of £5.27 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14.

Spirax-Sarco Engineering (LON:SPX) last announced its quarterly 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%. As a group, equities analysts predict that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current fiscal 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.