Spirax-Sarco Engineering plc (LON:SPX) Receives Consensus Rating of "Reduce" from Analysts

Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) has earned an average recommendation of "Reduce" from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is £101.50 ($128.46).

A number of equities analysts have commented on the stock. Numis Securities reissued a "sell" rating on shares of Spirax-Sarco Engineering in a research note on Thursday, March 7th. Berenberg Bank lifted their price objective on shares of Spirax-Sarco Engineering from GBX 8,800 ($111.38) to GBX 9,800 ($124.03) and gave the stock a "hold" rating in a research note on Friday, March 8th. Barclays dropped their price target on shares of Spirax-Sarco Engineering from £105.80 ($133.91) to GBX 9,960 ($126.06) and set an "equal weight" rating for the company in a research note on Tuesday. Jefferies Financial Group raised shares of Spirax-Sarco Engineering to a "hold" rating and set a GBX 9,740 ($123.28) price target for the company in a research note on Wednesday, January 31st. Finally, Shore Capital reaffirmed a "sell" rating on shares of Spirax-Sarco Engineering in a research note on Monday, December 18th.

Insider Buying and Selling at Spirax-Sarco Engineering

In other Spirax-Sarco Engineering news, insider Nimesh Patel sold 660 shares of the business's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of £105.27 ($133.24), for a total value of £69,478.20 ($87,935.96). 0.94% of the stock is owned by corporate insiders.

Spirax-Sarco Engineering Price Performance

Shares of LON:SPX traded down GBX 15 ($0.19) on Tuesday, reaching GBX 9,600 ($121.50). The company's stock had a trading volume of 333,172 shares, compared to its average volume of 163,503. Spirax-Sarco Engineering has a 52-week low of GBX 7,900 ($99.99) and a 52-week high of £118.45 ($149.92). The company has a market cap of £7.08 billion, a P/E ratio of 3,891.13, a PEG ratio of 6.92 and a beta of 0.71. The company has a 50-day simple moving average of £102.33 and a 200 day simple moving average of GBX 9,633.96. The company has a debt-to-equity ratio of 97.01, a quick ratio of 1.73 and a current ratio of 2.26.

Spirax-Sarco Engineering Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be given a GBX 114 ($1.44) dividend. This represents a yield of 1.11%. This is a boost from Spirax-Sarco Engineering's previous dividend of $46.00. The ex-dividend date is Thursday, April 25th. Spirax-Sarco Engineering's payout ratio is 6,451.61%.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, electrical heating and temperature management systems, and pumps and fluid path technologies. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications.