JPMorgan Chase & Co. Issues Pessimistic Forecast for Spirax-Sarco Engineering (LON:SPX) Stock Price

Spirax-Sarco Engineering (LON:SPX) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from GBX 7,800 ($101.04) to GBX 7,700 ($99.74) in a report released on Wednesday, Marketbeat Ratings reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 7.62% from the stock’s previous close.

Separately, Shore Capital restated a “sell” rating on shares of Spirax-Sarco Engineering in a report on Tuesday. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Spirax-Sarco Engineering has a consensus rating of “Hold” and an average 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. 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 market capitalization of £5.27 billion, a PE ratio of 27.44, a P/E/G ratio of 2.20 and a beta of 0.68. The firm has a 50 day moving average of GBX 7,389.38 and a two-hundred day moving average of GBX 7,175.52.

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