Spirax-Sarco Engineering (LON:SPX) Earns Neutral Rating from UBS Group

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “neutral” rating reaffirmed by research analysts at UBS Group in a research note issued to investors on Thursday, Stock Target Advisor reports. They presently have a GBX 9,200 ($121.02) price objective on the stock, up from their previous price objective of GBX 8,370 ($110.10). UBS Group’s price objective would suggest a potential downside of 0.81% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Morgan Stanley restated an “equal weight” rating on shares of Spirax-Sarco Engineering in a research report on Thursday, December 5th. Peel Hunt upgraded shares of Spirax-Sarco Engineering to an “add” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lowered their price target on shares of Spirax-Sarco Engineering from GBX 8,400 ($110.50) to GBX 7,700 ($101.29) and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. Royal Bank of Canada reiterated an “underperform” rating on shares of Spirax-Sarco Engineering in a research report on Friday, January 17th. Finally, Shore Capital reiterated a “buy” rating and issued a £104 ($136.81) price target on shares of Spirax-Sarco Engineering in a research report on Tuesday, December 10th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 8,379.23 ($110.22).

Shares of SPX opened at GBX 9,275 ($122.01) on Thursday. The company has a current ratio of 2.20, a quick ratio of 1.43 and a debt-to-equity ratio of 77.00. The firm’s 50-day moving average is GBX 9,074.50 and its two-hundred day moving average is GBX 8,420.25. Spirax-Sarco Engineering has a twelve month low of GBX 6,605 ($86.89) and a twelve month high of GBX 9,535 ($125.43). The firm has a market capitalization of $6.83 billion and a P/E ratio of 30.98.

Spirax-Sarco Engineering Company Profile

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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