Brokerages Set Spirax-Sarco Engineering plc (LON:SPX) PT at GBX 8,672.50

Shares of Spirax-Sarco Engineering plc (LON:SPX) have been given an average recommendation of “Reduce” by the seven research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 8,672.50 ($110.25).

SPX has been the topic of several research analyst reports. Berenberg Bank restated a “hold” rating and set a GBX 8,150 ($103.61) target price on shares of Spirax-Sarco Engineering in a research note on Wednesday, September 25th. Shore Capital reissued a “sell” rating on shares of Spirax-Sarco Engineering in a report on Friday, August 30th.

Spirax-Sarco Engineering Trading Down 1.7 %

Shares of LON SPX opened at GBX 7,020 ($89.24) on Friday. Spirax-Sarco Engineering has a 1-year low of GBX 6,350 ($80.73) and a 1-year high of £112.80 ($143.40). The business has a fifty day moving average price of GBX 6,879.43 and a 200 day moving average price of GBX 7,773.42. The stock has a market capitalization of £5.17 billion, a P/E ratio of 2,700.00, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 98.81, a current ratio of 2.26 and a quick ratio of 1.73.

Spirax-Sarco Engineering Company Profile

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.