Spirax-Sarco Engineering plc (LON:SPX) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Spirax-Sarco Engineering has a consensus “Hold” rating from nine brokerages: five holds, three buys, and one sell. The average 12-month price target is GBX 8,155.
• Recent analyst targets range from GBX 7,350 to GBX 8,740, with JPMorgan raising its target to GBX 8,600 while maintaining a neutral rating and Jefferies reiterating its buy recommendation.
• Shares opened at GBX 7,210 and were down 0.4%; the company reported quarterly EPS of GBX 150, with a 16.03% return on equity and an 11.36% net margin.

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

Several equities research analysts have issued reports on SPX shares. Berenberg Bank reaffirmed a "hold" rating and set a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a research note on Wednesday, August 12th. JPMorgan Chase & Co. boosted their target price on Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the stock a "neutral" rating in a report on Wednesday, August 12th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 8,740 price target on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 7,500 price objective on shares of Spirax-Sarco Engineering in a report on Thursday.

Spirax-Sarco Engineering Trading Down 0.4%

Shares of Spirax-Sarco Engineering stock opened at GBX 7,210 on Monday. 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 fifty-two week low of GBX 5,950 and a fifty-two week high of GBX 8,050. The firm has a 50-day simple moving average of GBX 7,076.40 and a two-hundred day simple moving average of GBX 6,999.46. The company has a market cap of £5.32 billion, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14.

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported GBX 150 EPS for the quarter. Spirax-Sarco Engineering had a return on equity of 16.03% and a net margin of 11.36%. As a group, equities analysts predict 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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