Spirax-Sarco Engineering plc (LON:SPX) Receives Consensus Rating of “Hold” from Analysts

Spirax-Sarco Engineering plc (LON:SPX) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 8,012.50.

Separately, UBS Group reiterated a “buy” rating and set a £105 price target on shares of Spirax-Sarco Engineering in a research report on Monday, May 11th.

Spirax-Sarco Engineering Price Performance

Spirax-Sarco Engineering stock opened at GBX 6,850 on Wednesday. The business’s 50-day simple moving average is GBX 6,840.76 and its 200 day simple moving average is GBX 7,102.59. The stock has a market cap of £5.06 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 2.20 and a beta of 1.15. Spirax-Sarco Engineering has a 12-month low of GBX 5,950 and a 12-month high of GBX 8,050. The company has a quick ratio of 1.73, a current ratio of 1.85 and a debt-to-equity ratio of 83.78.

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.