Spirax-Sarco Engineering plc (LON:SPX) Receives GBX 8,672.50 Average Price Target from Analysts

Shares of Spirax-Sarco Engineering plc (LON:SPX) have been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given 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 8,478 ($110.12).

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on Spirax-Sarco Engineering from GBX 7,800 ($101.31) to GBX 7,700 ($100.01) and set a “neutral” rating for the company in a report on Wednesday, March 12th. Citigroup reaffirmed a “buy” rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, March 12th. Finally, Shore Capital reissued a “sell” rating on shares of Spirax-Sarco Engineering in a report on Tuesday, March 11th.

Spirax-Sarco Engineering Stock Down 0.6 %

Shares of SPX opened at GBX 6,920 ($89.88) on Tuesday. Spirax-Sarco Engineering has a 52-week low of GBX 6,350 ($82.48) and a 52-week high of £106.95 ($138.91). The company has a market capitalization of £5.10 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The stock has a fifty day simple moving average of GBX 7,404.08 and a two-hundred day simple moving average of GBX 7,163.80. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85.

Spirax-Sarco Engineering (LON:SPX) last issued its quarterly earnings data on Tuesday, March 11th. The company reported GBX 286.30 ($3.72) earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. As a group, equities analysts forecast that Spirax-Sarco Engineering will post 334.5410628 EPS for the current year.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering rebrands as Spirax Group

On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.

Our new name respects our history and where we have come from, with who we are today.