Spirax-Sarco Engineering’s (SPX) “Hold” Rating Reaffirmed at Berenberg Bank

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “hold” rating reaffirmed by equities research analysts at Berenberg Bank in a report issued on Wednesday,Digital Look reports. They presently have a GBX 7,350 target price on the stock. Berenberg Bank’s price target indicates a potential upside of 1.59% from the stock’s previous close.

Separately, UBS Group reaffirmed a “buy” rating and set a £105 target price on shares of Spirax-Sarco Engineering in a research note on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Spirax-Sarco Engineering has an average rating of “Hold” and an average target price of GBX 8,112.50.

Spirax-Sarco Engineering Stock Performance

Shares of SPX stock opened at GBX 7,235 on Wednesday. The company has a market capitalization of £5.34 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 2.20 and a beta of 1.14. Spirax-Sarco Engineering has a 1-year low of GBX 5,950 and a 1-year high of GBX 8,050. The company has a current ratio of 1.85, a quick ratio of 1.73 and a debt-to-equity ratio of 83.78. The stock’s fifty day simple moving average is GBX 6,901.37 and its 200-day simple moving average is GBX 7,115.80.

Spirax-Sarco Engineering (LON:SPX) last announced its quarterly earnings data on Tuesday, August 11th. The company reported GBX 150 earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a return on equity of 13.86% and a net margin of 9.60%. On average, sell-side analysts predict that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current fiscal 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.