Spirax-Sarco Engineering plc (LON:SPX) Receives GBX 8,012.50 Consensus Target Price from Analysts

Spirax-Sarco Engineering plc (LON:SPX) has been assigned a consensus rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 8,012.50.

A number of brokerages recently weighed in on SPX. Shore Capital Group reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a report on Tuesday, March 10th. Stifel Nicolaus lifted their target price on Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the company a “hold” rating in a report on Wednesday, March 11th. Berenberg Bank reiterated a “hold” rating and issued a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a report on Wednesday, March 11th. Finally, Royal Bank Of Canada lifted their target price on Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the company an “underperform” rating in a report on Wednesday, March 11th.

Insiders Place Their Bets

In related news, insider Louisa Burdet sold 671 shares of Spirax-Sarco Engineering stock in a transaction on Monday, March 16th. The stock was sold at an average price of GBX 6,655, for a total value of £44,655.05. Also, insider Nimesh Patel bought 1,423 shares of Spirax-Sarco Engineering stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average price of GBX 7,370 per share, for a total transaction of £104,875.10. 0.61% of the stock is currently owned by company insiders.

Spirax-Sarco Engineering Price Performance

SPX stock opened at GBX 7,550 on Monday. Spirax-Sarco Engineering has a 52-week low of GBX 5,535 and a 52-week high of GBX 8,050. The stock’s fifty day simple moving average is GBX 7,257.44 and its 200-day simple moving average is GBX 7,067.18. The company has a quick ratio of 1.73, a current ratio of 1.85 and a debt-to-equity ratio of 83.78. The stock has a market capitalization of £5.57 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15.

Spirax-Sarco Engineering (LON:SPX) last posted its quarterly earnings data on Tuesday, March 10th. The company reported GBX 296.30 earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a return on equity of 13.86% and a net margin of 9.60%. Equities research analysts expect that Spirax-Sarco Engineering will post 334.5410628 EPS for the current 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. It creates more distinction between the Group and its Spirax Sarco trading Division (part of Steam Thermal Solutions), providing improved clarity for all stakeholders.