Spirax-Sarco Engineering (LON:SPX) Price Target Raised to GBX 8,400

Key Points

• Citigroup has raised its target price for Spirax-Sarco Engineering from GBX 8,000 to GBX 8,400, suggesting a potential upside of 19.13% from the current stock price.
• In addition to Citigroup, other brokerages have varied ratings, with one sell, two holds, and one buy, culminating in a consensus rating of “Hold”.
• Spirax-Sarco Engineering's stock has seen a 3.0% increase recently, trading at GBX 7,051.13, reflecting market activity and a twelve month range between GBX 5,380 and GBX 8,245.

Spirax-Sarco Engineering (LON:SPX - Get Free Report) had its target price raised by equities researchers at Citigroup from GBX 8,000 ($108.01) to GBX 8,400 ($113.41) in a report issued on Wednesday, Marketbeat.com reports. The firm currently has a "buy" rating on the stock. Citigroup's price objective would indicate a potential upside of 19.13% from the stock's current price.

A number of other brokerages also recently weighed in on SPX. Shore Capital reissued an "under review" rating on shares of Spirax-Sarco Engineering in a research report on Tuesday. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a GBX 7,400 ($99.91) price objective on shares of Spirax-Sarco Engineering in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of GBX 7,737.50 ($104.46).

Spirax-Sarco Engineering Stock Up 3.0%

Shares of LON SPX traded up GBX 206.13 ($2.78) during mid-day trading on Wednesday, reaching GBX 7,051.13 ($95.20). 373,880 shares of the company's stock were exchanged, compared to its average volume of 633,286. Spirax-Sarco Engineering has a twelve month low of GBX 5,380 ($72.63) and a twelve month high of GBX 8,245 ($111.31). The company has a current ratio of 2.25, a quick ratio of 1.73 and a debt-to-equity ratio of 98.85. The business has a fifty day simple moving average of GBX 6,071.31 and a 200 day simple moving average of GBX 6,429.77. The firm has a market capitalization of £5.19 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 2.20 and a beta of 0.68.

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

Spirax-Sarco Engineering Company Profile

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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