Spirax-Sarco Engineering (LON:SPX - Get Free Report)'s stock had its "neutral" rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued on Wednesday, MarketBeat.com reports. They currently have a GBX 7,400 ($101.05) price objective on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 19.84% from the company's previous close.
A number of other research firms have also weighed in on SPX. Shore Capital reissued a "sell" rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, March 11th. Citigroup reissued a "buy" rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Spirax-Sarco Engineering has an average rating of "Hold" and a consensus target price of GBX 8,032.50 ($109.69).
Check Out Our Latest Analysis on SPX
Spirax-Sarco Engineering Price Performance
Shares of SPX traded up GBX 260 ($3.55) during trading hours on Wednesday, hitting GBX 6,175 ($84.32). 224,493 shares of the stock were exchanged, compared to its average volume of 745,428. The stock's 50-day moving average price is GBX 5,936.40 and its two-hundred day moving average price is GBX 6,583.21. The company has a market cap of £4.55 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25. Spirax-Sarco Engineering has a 12-month low of GBX 5,380 ($73.47) and a 12-month high of GBX 9,075 ($123.92).
Spirax-Sarco Engineering Company Profile
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Get Free Report)
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.
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