Spirax-Sarco Engineering plc (LON:SPX) Stock Has Average Target Price of GBX 8,155 According to Brokerages

Key Points

• Analyst consensus is “Hold”: Nine brokerages rate Spirax-Sarco Engineering, with one sell, five hold, and three buy recommendations. The average 12-month price target is GBX 8,155.
• Recent targets range from GBX 7,350 at Berenberg to GBX 8,740 at Jefferies, while JPMorgan raised its target to GBX 8,600 and maintained a neutral rating.
• The shares opened at GBX 7,560, compared with a one-year range of GBX 5,950 to GBX 8,050. The company reported quarterly EPS of GBX 150 and has a market capitalization of approximately £5.58 billion.

Shares of Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) have earned an average recommendation of "Hold" from the nine brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 8,155.

Several research analysts recently weighed in on the stock. Jefferies Financial Group reissued a "buy" rating and set a GBX 8,740 price objective on shares of Spirax-Sarco Engineering in a research note on Wednesday, August 12th. Berenberg Bank reissued a "hold" rating and set a GBX 7,350 price target on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 7,500 price objective on shares of Spirax-Sarco Engineering in a research report on Thursday, October 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the stock a "neutral" rating in a research note on Wednesday, August 12th.

Spirax-Sarco Engineering Price Performance

Spirax-Sarco Engineering stock opened at GBX 7,560 on Friday. The business has a 50 day simple moving average of GBX 7,140.03 and a 200 day simple moving average of GBX 7,121.62. The company has a debt-to-equity ratio of 86.79, a current ratio of 2.14 and a quick ratio of 1.73. Spirax-Sarco Engineering has a one year low of GBX 5,950 and a one year high of GBX 8,050. The company has a market capitalization of £5.58 billion, a PE ratio of 28.17, 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 earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a return on equity of 16.03% and a net margin of 11.36%. On average, sell-side analysts forecast that Spirax-Sarco Engineering will post 334.54 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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