Spirax-Sarco Engineering (LON:SPX) Price Target Raised to GBX 8,600

Spirax-Sarco Engineering (LON:SPX) had its price target boosted by JPMorgan Chase & Co. from GBX 7,800 to GBX 8,600 in a research report released on Wednesday morning,Digital Look reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other research analysts have also recently issued research reports about the company. UBS Group reaffirmed a “buy” rating and issued a £105 price target on shares of Spirax-Sarco Engineering in a report on Monday, May 11th. Berenberg Bank reissued a “hold” rating and set a GBX 7,350 price objective on shares of Spirax-Sarco Engineering in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 8,155.

Spirax-Sarco Engineering Stock Performance

Shares of SPX opened at GBX 7,082.37 on Wednesday. The company has a debt-to-equity ratio of 86.79, a current ratio of 2.14 and a quick ratio of 1.73. The firm’s 50 day moving average is GBX 6,918.55 and its 200-day moving average is GBX 7,114.92. Spirax-Sarco Engineering has a 12-month low of GBX 5,950 and a 12-month high of GBX 8,050. The stock has a market capitalization of £5.23 billion, a P/E ratio of 32.02, a P/E/G ratio of 2.20 and a beta of 1.14.

Spirax-Sarco Engineering (LON:SPX) last released its earnings results on Tuesday, August 11th. The company reported GBX 150 EPS for the quarter. Spirax-Sarco Engineering had a net margin of 11.36% and a return on equity of 16.03%. Equities research analysts anticipate that Spirax-Sarco Engineering will post 334.5410628 EPS for the current fiscal year.

Spirax-Sarco Engineering Company Profile

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.