JPMorgan Chase & Co. Has Lowered Expectations for Spirax-Sarco Engineering (LON:SPX) Stock Price

Spirax-Sarco Engineering (LON:SPX) had its price objective decreased by JPMorgan Chase & Co. from GBX 7,800 ($101.15) to GBX 7,700 ($99.86) in a report published on Wednesday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Separately, Shore Capital restated a “sell” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Spirax-Sarco Engineering presently has an average rating of “Hold” and a consensus target price of GBX 8,478 ($109.95).

Spirax-Sarco Engineering Price Performance

Shares of LON SPX opened at GBX 7,140 ($92.59) on Wednesday. Spirax-Sarco Engineering has a fifty-two week low of GBX 6,350 ($82.35) and a fifty-two week high of £107.70 ($139.67). The company has a market cap of £5.26 billion, a PE ratio of 27.38, a P/E/G ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25. The business has a 50-day simple moving average of GBX 7,383.68 and a two-hundred day simple moving average of GBX 7,179.08.

Spirax-Sarco Engineering (LON:SPX) last announced its quarterly earnings data on Tuesday, March 11th. The company reported GBX 286.30 ($3.71) 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 expect that Spirax-Sarco Engineering will post 334.5410628 EPS for the current fiscal year.

Spirax-Sarco Engineering Company Profile

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.