Spirax-Sarco Engineering (LON:SPX) Lifted to “Add” at Peel Hunt

Peel Hunt upgraded shares of Spirax-Sarco Engineering (LON:SPX) to an add rating in a research note issued to investors on Wednesday morning, Stock Target Advisor reports.

Several other equities analysts have also recently commented on SPX. Goldman Sachs Group reaffirmed a sell rating on shares of Spirax-Sarco Engineering in a research note on Friday, October 11th. UBS Group reiterated a neutral rating on shares of Spirax-Sarco Engineering in a research report on Friday, November 1st. Berenberg Bank dropped their target price on shares of Spirax-Sarco Engineering from £105.10 ($137.33) to GBX 9,680 ($126.49) and set a buy rating for the company in a research report on Thursday, August 15th. Bank of America dropped their target price on shares of Spirax-Sarco Engineering from £105 ($137.20) to GBX 9,500 ($124.13) and set a buy rating for the company in a research report on Thursday, October 10th. Finally, Jefferies Financial Group reiterated a hold rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of GBX 7,758.18 ($101.37).

LON:SPX traded down GBX 45 ($0.59) during mid-day trading on Wednesday, hitting GBX 8,350 ($109.11). 184,754 shares of the stock traded hands, compared to its average volume of 143,754. The business’s 50-day moving average price is GBX 7,795.70 and its 200 day moving average price is GBX 8,300.50. The company has a market cap of $6.20 billion and a PE ratio of 27.89. Spirax-Sarco Engineering has a 12-month low of GBX 5,875 ($76.77) and a 12-month high of GBX 9,440 ($123.35). The company has a quick ratio of 1.43, a current ratio of 2.20 and a debt-to-equity ratio of 77.00.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions for users of industrial and commercial steam systems, electrical heating and temperature management systems, and process fluid paths and pumping systems. It offers condensate management products, such as steam traps, condensate return pumps, and isolation valves; controls, including automatic control valves, pressure regulators, and temperature controls; and thermal energy management products comprising metering products, boiler house products, heat transfer packages, and energy services.

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Analyst Recommendations for Spirax-Sarco Engineering (LON:SPX)

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