Jefferies Financial Group Reaffirms Buy Rating for Spirax-Sarco Engineering (LON:SPX)

Key Points

• Jefferies reaffirmed its “Buy” rating on Spirax-Sarco Engineering and set an 8,740 GBX price target, implying approximately 21% upside from the current price.
• Analyst sentiment is mixed overall: four analysts rate the stock a Buy, five a Hold, and one a Sell, producing a consensus “Hold” rating and average target price of 8,182.22 GBX.
• Spirax-Sarco shares opened at 7,225 GBX, with a £5.33 billion market capitalization and a 12-month trading range of 5,950–8,050 GBX; the company most recently reported quarterly EPS of 150 GBX.

Spirax-Sarco Engineering (LON:SPX - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Jefferies Financial Group in a research report issued on Wednesday,London Stock Exchange reports. They currently have a GBX 8,740 price objective on the stock. Jefferies Financial Group's price objective indicates a potential upside of 20.97% from the stock's current price.

Several other equities analysts also recently issued reports on SPX. Berenberg Bank reiterated a "hold" rating and issued a GBX 7,350 price objective on shares of Spirax-Sarco Engineering in a research report on Wednesday. UBS Group reiterated a "buy" rating and set a £105 price target on shares of Spirax-Sarco Engineering in a research report on Monday, May 11th. Finally, JPMorgan Chase & Co. raised their price objective 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. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of GBX 8,182.22.

Spirax-Sarco Engineering Price Performance

LON:SPX opened at GBX 7,225 on Wednesday. The firm has a market cap of £5.33 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14. 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 quick ratio of 1.73, a current ratio of 1.85 and a debt-to-equity ratio of 83.78. The company's 50-day moving average price is GBX 6,901.37 and its two-hundred day moving average price is GBX 7,115.80.

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 net margin of 9.60% and a return on equity of 13.86%. On average, equities analysts anticipate 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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