Citigroup Reiterates “Buy” Rating for Spirax-Sarco Engineering (LON:SPX)

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “buy” rating reaffirmed by Citigroup in a research report issued to clients and investors on Wednesday, Marketbeat reports.

Other equities research analysts also recently issued reports about the stock. Shore Capital reiterated a “sell” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday. JPMorgan Chase & Co. decreased their price objective on shares of Spirax-Sarco Engineering from GBX 7,800 ($101.04) to GBX 7,700 ($99.74) and set a “neutral” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 8,478 ($109.82).

Spirax-Sarco Engineering Stock Performance

Shares of SPX stock opened at GBX 7,155 ($92.68) on Wednesday. Spirax-Sarco Engineering has a one year low of GBX 6,350 ($82.25) and a one year high of £107.30 ($138.99). The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25. The company has a 50 day moving average price of GBX 7,389.38 and a 200 day moving average price of GBX 7,175.52. The firm has a market capitalization of £5.27 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68.

Spirax-Sarco Engineering (LON:SPX) last released its quarterly earnings data on Tuesday, March 11th. The company reported GBX 286.30 ($3.71) earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. Sell-side analysts anticipate 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.