Shore Capital Reiterates "Under Review" Rating for Spirax-Sarco Engineering (LON:SPX)

Key Points

• Spirax-Sarco Engineering's stock rating was reiterated as "under review" by Shore Capital, while JPMorgan Chase & Co. maintained a "neutral" rating with a price target of GBX 7,400 ($99.40).
• The company reported earnings of GBX 137.60 ($1.85) per share for the last quarter, with a return on equity of 16.58% and a net margin of 11.57%.
• As of now, Spirax-Sarco Engineering has a consensus rating of "Hold" with an average price target of GBX 7,516.67 ($100.96), showcasing mixed analyst views on the stock's future performance.

Shore Capital reiterated their under review rating on shares of Spirax-Sarco Engineering (LON:SPX - Free Report) in a report released on Tuesday morning, Marketbeat Ratings reports.

Separately, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a GBX 7,400 ($100.12) price objective on shares of Spirax-Sarco Engineering in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Spirax-Sarco Engineering presently has a consensus rating of "Hold" and an average target price of GBX 7,737.50 ($104.69).

Spirax-Sarco Engineering Price Performance

Shares of Spirax-Sarco Engineering stock traded up GBX 14.17 ($0.19) on Tuesday, hitting GBX 7,064.17 ($95.58). The company had a trading volume of 109,569 shares, compared to its average volume of 629,942. The business has a 50-day simple moving average of GBX 6,097.13 and a 200-day simple moving average of GBX 6,434.05. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73. The company has a market cap of £5.20 billion, a PE ratio of 27.09, a PEG ratio of 2.20 and a beta of 0.68. Spirax-Sarco Engineering has a 52 week low of GBX 5,380 ($72.79) and a 52 week high of GBX 8,245 ($111.55).

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported GBX 137.60 ($1.86) earnings per share for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. Research analysts expect that Spirax-Sarco Engineering will post 334.5410628 EPS for the current fiscal year.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering rebrands as Spirax Group On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company's evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities. Our new name respects our history and where we have come from, with who we are today.