Spirax-Sarco Engineering plc (LON:SPX) Given Average Rating of "Hold" by Analysts

Key Points

• Analyst consensus: Nine brokerages give Spirax-Sarco an average rating of "Hold" (1 sell, 5 hold, 3 buy) with an average 12‑month price target of GBX 8,012.50.
• The stock recently traded around GBX 7,342, with a 12‑month range of GBX 5,535–8,050, a market cap of £5.42bn and a P/E of 33.19; latest quarterly EPS was GBX 296.30 and analysts forecast roughly GBX 334.54 for the year.
• The company rebranded to Spirax Group on 22 Feb 2024, and insiders made small trades recently (one director bought 1,423 shares at GBX 7,370 while another sold 671 shares), with insiders owning 0.61%.

Shares of Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) have been assigned an average rating of "Hold" from the nine brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 8,012.50.

A number of equities analysts have issued reports on the company. Royal Bank Of Canada increased their price objective on Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the stock an "underperform" rating in a report on Wednesday, March 11th. Stifel Nicolaus raised their target price on shares of Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the company a "hold" rating in a research note on Wednesday, March 11th. Berenberg Bank reaffirmed a "hold" rating and set a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a research note on Wednesday, March 11th. Finally, Shore Capital Group reaffirmed a "hold" rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, March 10th.

Spirax-Sarco Engineering Price Performance

SPX opened at GBX 7,342 on Monday. The stock has a fifty day simple moving average of GBX 7,246.53 and a two-hundred day simple moving average of GBX 7,045.95. The company has a current ratio of 1.85, a quick ratio of 1.73 and a debt-to-equity ratio of 83.78. The company has a market cap of £5.42 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15. Spirax-Sarco Engineering has a 12-month low of GBX 5,535 and a 12-month high of GBX 8,050.

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last posted its quarterly earnings data on Tuesday, March 10th. The company reported GBX 296.30 earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a return on equity of 13.86% and a net margin of 9.60%. Research analysts predict that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Louisa Burdet sold 671 shares of the firm's stock in a transaction on Monday, March 16th. The stock was sold at an average price of GBX 6,655, for a total transaction of £44,655.05. Also, insider Nimesh Patel purchased 1,423 shares of Spirax-Sarco Engineering stock in a transaction dated Tuesday, March 10th. The shares were bought at an average price of GBX 7,370 per share, with a total value of £104,875.10. 0.61% of the stock is currently owned by company insiders.

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. It creates more distinction between the Group and its Spirax Sarco trading Division (part of Steam Thermal Solutions), providing improved clarity for all stakeholders.

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