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 about 3.81% upside.
• Analyst sentiment remains mixed but averages to “Hold”: four analysts rate the stock Buy, five Hold, and one Sell, with a consensus target of GBX 8,182.22.
• Shares opened at GBX 7,225, while the company reported quarterly EPS of GBX 150; Spirax-Sarco’s market capitalization is approximately £5.33 billion.

Spirax-Sarco Engineering (LON:SPX - Get Free Report)'s stock had its "hold" rating reissued by Deutsche Bank Aktiengesellschaft in a research report issued on Wednesday,London Stock Exchange reports. They presently have a GBX 7,500 target price on the stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential upside of 3.81% from the company's current price.

Several other analysts also recently weighed in on SPX. 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. UBS Group restated a "buy" rating and set a £105 price objective on shares of Spirax-Sarco Engineering in a research note on Monday, May 11th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 8,740 price objective on shares of Spirax-Sarco Engineering in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the stock a "neutral" rating in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of GBX 8,182.22.

Spirax-Sarco Engineering Stock Performance

LON:SPX opened at GBX 7,225 on Wednesday. The firm has a market capitalization of £5.33 billion, a P/E ratio of 32.66, a P/E/G ratio of 2.20 and a beta of 1.14. The business has a 50 day simple moving average of GBX 6,901.37 and a 200 day simple moving average of GBX 7,115.80. The company has a debt-to-equity ratio of 83.78, a current ratio of 1.85 and a quick ratio of 1.73. Spirax-Sarco Engineering has a 12-month low of GBX 5,950 and a 12-month high of GBX 8,050.

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last posted its earnings results 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 13.86% and a net margin of 9.60%. Equities research analysts predict that Spirax-Sarco Engineering will post 334.5410628 EPS for the current 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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