Spirax-Sarco Engineering plc (LON:SPX) Receives GBX 8,672.50 Average Target Price from Analysts

Shares of Spirax-Sarco Engineering plc (LON:SPX) have been assigned a consensus rating of “Reduce” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 8,672.50 ($108.72).

SPX has been the topic of a number of recent analyst reports. Berenberg Bank reiterated a “hold” rating and issued a GBX 8,150 ($102.17) price objective on shares of Spirax-Sarco Engineering in a research note on Wednesday, September 25th. Royal Bank of Canada decreased their price objective on Spirax-Sarco Engineering from GBX 8,000 ($100.29) to GBX 7,000 ($87.75) and set an “underperform” rating on the stock in a research report on Thursday, August 15th. Finally, Shore Capital reaffirmed a “sell” rating on shares of Spirax-Sarco Engineering in a research note on Friday, August 30th.

Spirax-Sarco Engineering Trading Up 4.3 %

Spirax-Sarco Engineering stock opened at GBX 6,790 ($85.12) on Wednesday. The company has a quick ratio of 1.73, a current ratio of 2.26 and a debt-to-equity ratio of 98.81. Spirax-Sarco Engineering has a 12 month low of GBX 6,350 ($79.60) and a 12 month high of £112.80 ($141.41). The company’s fifty day simple moving average is GBX 6,918 and its 200-day simple moving average is GBX 7,964.59. The stock has a market cap of £5.00 billion, a P/E ratio of 2,611.54, a P/E/G ratio of 2.20 and a beta of 0.68.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.