Spirax-Sarco Engineering plc (LON:SPX) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts give Spirax-Sarco Engineering a consensus “Hold” rating: Of nine brokerages, five rate the stock Hold, three Buy and one Sell. The average 12-month price target is GBX 8,155.
• Recent broker updates were mixed, with price targets ranging from GBX 7,350 at Berenberg to GBX 8,740 at Jefferies; JPMorgan raised its target to GBX 8,600 while maintaining a neutral rating.
• The shares opened at GBX 6,935, versus a 12-month range of GBX 5,950–8,050. The company recently reported quarterly EPS of GBX 150, with a 16.03% return on equity and an 11.36% net margin.

Shares of Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nine brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 8,155.

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the company a "neutral" rating in a research note on Wednesday, August 12th. Jefferies Financial Group reissued 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. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 7,350 price target on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 7,500 price objective on shares of Spirax-Sarco Engineering in a research note on Wednesday, August 12th.

Spirax-Sarco Engineering Stock Performance

Spirax-Sarco Engineering stock opened at GBX 6,935 on Thursday. Spirax-Sarco Engineering has a 12-month low of GBX 5,950 and a 12-month high of GBX 8,050. The company has a debt-to-equity ratio of 86.79, a current ratio of 2.14 and a quick ratio of 1.73. The company has a market capitalization of £5.12 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14. The firm's fifty day moving average price is GBX 6,973.99 and its 200 day moving average price is GBX 7,049.72.

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported GBX 150 earnings per share for the quarter. Spirax-Sarco Engineering had a return on equity of 16.03% and a net margin of 11.36%. On average, research analysts forecast that Spirax-Sarco Engineering will post 334.5410628 EPS 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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