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

Shares of Spirax-Sarco Engineering plc (LON:SPX) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 8,478 ($109.82).

Several brokerages recently weighed in on SPX. Citigroup reissued a “buy” rating on shares of Spirax-Sarco Engineering in a research note on Wednesday. Shore Capital reissued a “sell” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped 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.

Spirax-Sarco Engineering Trading Up 0.2 %

LON:SPX opened at GBX 7,155 ($92.68) on Tuesday. The company has a market capitalization of £5.27 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85. Spirax-Sarco Engineering has a 52-week low of GBX 6,350 ($82.25) and a 52-week high of £107.30 ($138.99). The stock has a fifty day simple moving average of GBX 7,389.38 and a 200-day simple moving average of GBX 7,175.52.

Spirax-Sarco Engineering (LON:SPX) last released its quarterly earnings results on Tuesday, March 11th. The company reported GBX 286.30 ($3.71) earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. On average, equities research analysts expect that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current fiscal year.

About Spirax-Sarco Engineering

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.