Spirax-Sarco Engineering plc (LON:SPX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Spirax-Sarco Engineering plc (LON:SPX) have been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 8,155.

A number of equities research analysts have recently weighed in on SPX shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 7,500 target price on shares of Spirax-Sarco Engineering in a report on Wednesday. Jefferies Financial Group restated a “buy” rating and issued a GBX 8,740 price target on shares of Spirax-Sarco Engineering in a research note on Wednesday. UBS Group reaffirmed a “buy” rating and set a £105 price target on shares of Spirax-Sarco Engineering in a research report on Monday, May 11th. Berenberg Bank reiterated a “hold” rating and issued a GBX 7,350 price objective on shares of Spirax-Sarco Engineering in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the company a “neutral” rating in a report on Wednesday.

Spirax-Sarco Engineering Stock Performance

LON:SPX opened at GBX 7,082.37 on Friday. The stock has a market cap of £5.23 billion, a P/E ratio of 32.02, a PEG ratio of 2.20 and a beta of 1.14. The stock has a 50 day simple moving average of GBX 6,918.55 and a 200 day simple moving average of GBX 7,114.92. The company has a current ratio of 2.14, a quick ratio of 1.73 and a debt-to-equity ratio of 86.79. Spirax-Sarco Engineering has a 1-year low of GBX 5,950 and a 1-year high of GBX 8,050.

Spirax-Sarco Engineering (LON:SPX) last released its quarterly earnings results 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 16.03% and a net margin of 11.36%. Research analysts anticipate that Spirax-Sarco Engineering will post 334.5410628 earnings per share 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.