Spirax-Sarco Engineering plc (LON:SPX) Stock Has Average Price Target of GBX 8,155 According to Brokerages

Spirax-Sarco Engineering plc (LON:SPX) has received an average recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 8,155.

A number of brokerages have recently commented on SPX. Jefferies Financial Group reissued a “buy” rating and issued a GBX 8,740 target price on shares of Spirax-Sarco Engineering in a research note on Wednesday, August 12th. JPMorgan Chase & Co. increased their price target on Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Berenberg Bank reissued a “hold” rating and issued a GBX 7,350 price objective on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 7,500 price objective on shares of Spirax-Sarco Engineering in a research note on Thursday, October 1st.

Spirax-Sarco Engineering Stock Up 0.2%

SPX opened at GBX 7,365 on Friday. The firm has a 50 day moving average price of GBX 7,176.30 and a 200 day moving average price of GBX 7,129.79. The company has a market cap of £5.44 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14. Spirax-Sarco Engineering has a 1 year low of GBX 5,950 and a 1 year high of GBX 8,050. The company has a debt-to-equity ratio of 86.79, a quick ratio of 1.73 and a current ratio of 2.14.

Spirax-Sarco Engineering (LON:SPX) last announced its quarterly earnings results 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%. Sell-side analysts expect 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.