Deutsche Bank Aktiengesellschaft Reaffirms "Hold" Rating for Spirax-Sarco Engineering (LON:SPX)

Key Points

• Deutsche Bank reaffirmed its “Hold” rating on Spirax-Sarco Engineering and maintained a GBX 7,500 price target, implying approximately 5.12% upside.
• Analyst sentiment remains mixed but centered on “Hold”: the stock has three Buy, five Hold, and one Sell rating, with a consensus target price of GBX 8,155.
• Shares opened at GBX 7,135 and were down 1.7%; Spirax-Sarco reported quarterly EPS of GBX 150, with an 11.36% net margin and 16.03% return on equity.

Spirax-Sarco Engineering (LON:SPX - Get Free Report)'s stock had its "hold" rating reaffirmed by research analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Thursday, Digital Look reports. They currently have a GBX 7,500 price objective on the stock. Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 5.12% from the company's current price.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the company a "neutral" rating in a research report on Wednesday, August 12th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 8,740 price target on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th. Finally, Berenberg Bank reissued a "hold" rating and issued a GBX 7,350 price objective on shares of Spirax-Sarco Engineering in a research note on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of GBX 8,155.

Spirax-Sarco Engineering Stock Down 1.7%

Shares of LON SPX opened at GBX 7,135 on Thursday. The company has a debt-to-equity ratio of 86.79, a quick ratio of 1.73 and a current ratio of 2.14. Spirax-Sarco Engineering has a 52 week low of GBX 5,950 and a 52 week high of GBX 8,050. The stock has a market capitalization of £5.27 billion, a P/E ratio of 26.58, a PEG ratio of 2.20 and a beta of 1.14. The stock's fifty day moving average is GBX 7,069.60 and its 200 day moving average is GBX 6,993.26.

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported GBX 150 earnings per share for the quarter. Spirax-Sarco Engineering had a net margin of 11.36% and a return on equity of 16.03%. Sell-side analysts forecast that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current fiscal year.

Spirax-Sarco Engineering Company Profile

Spirax Group is positioned to play a critical role in enabling the industrial transition to net zero, aligned to our Purpose to create sustainable value for all our stakeholders as we engineer a more efficient, safer and sustainable world. We put solving customers' problems at the heart of our total solutions approach. Our global thermal energy and fluid technology solutions improve operating efficiency and safety in our customers' critical industrial processes. Our new-to-world decarbonisation* solutions will use our proprietary technologies to electrify boilers for the raising of steam, as well as the electrification of other critical industrial process heating applications.

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