Spirax-Sarco Engineering plc (LON:SPX) Stock Has Consensus Price Target of GBX 8,155

Shares of Spirax-Sarco Engineering plc (LON:SPX) have earned an average rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 8,155.

SPX has been the topic of a number of recent research reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 8,740 target price on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 7,500 target price on shares of Spirax-Sarco Engineering in a report on Thursday, October 1st. JPMorgan Chase & Co. increased their price target on Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 7,350 price target on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th.

Spirax-Sarco Engineering Trading Up 0.4%

LON SPX opened at GBX 7,280 on Monday. Spirax-Sarco Engineering has a one year low of GBX 5,950 and a one year high of GBX 8,050. The company has a 50-day simple moving average of GBX 7,100.06 and a 200-day simple moving average of GBX 7,021.08. The company has a debt-to-equity ratio of 86.79, a quick ratio of 1.73 and a current ratio of 2.14. The firm has a market capitalization of £5.37 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14.

Spirax-Sarco Engineering (LON:SPX) last announced its quarterly earnings data on Tuesday, August 11th. The company reported GBX 150 earnings per share for the quarter. Spirax-Sarco Engineering had a net margin of 11.36% and a return on equity of 16.03%. On average, equities analysts forecast that Spirax-Sarco Engineering will post 334.54 earnings per share for the current year.

About Spirax-Sarco Engineering

Spirax Group is positioned to play a critical role in enabling the industrial transition to net zero, aligned to our Purpose to create sustainable value for all our stakeholders as we engineer a more efficient, safer and sustainable world. We put solving customers’ problems at the heart of our total solutions approach. Our global thermal energy and fluid technology solutions improve operating efficiency and safety in our customers’ critical industrial processes. Our new-to-world decarbonisation* solutions will use our proprietary technologies to electrify boilers for the raising of steam, as well as the electrification of other critical industrial process heating applications.