Spirax-Sarco Engineering plc (LON:SPX) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts collectively rate Spirax-Sarco Engineering “Hold.” Of nine analysts, five recommend holding, three recommend buying and one recommends selling; the average 12-month price target is GBX 8,155.
• Recent broker updates included price-target increases from Jefferies to GBX 8,740 and JPMorgan to GBX 8,600, while Deutsche Bank and Berenberg maintained “Hold” ratings with targets of GBX 7,500 and GBX 7,350, respectively.
• Shares opened at GBX 7,082.37, versus a 12-month range of GBX 5,950 to GBX 8,050. The company recently reported quarterly EPS of GBX 150 and has a market capitalization of approximately £5.23 billion.

Shares of Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nine research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 8,155.

A number of equities research analysts recently weighed in on SPX shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 7,500 price target on shares of Spirax-Sarco Engineering in a research note on Wednesday. UBS Group reaffirmed a "buy" rating and set a £105 price objective on shares of Spirax-Sarco Engineering in a research report on Monday, May 11th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 8,740 price objective on shares of Spirax-Sarco Engineering in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Berenberg Bank restated a "hold" rating and set a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a research note on Wednesday.

Spirax-Sarco Engineering Price Performance

LON:SPX opened at GBX 7,082.37 on Friday. The company has a quick ratio of 1.73, a current ratio of 2.14 and a debt-to-equity ratio of 86.79. The stock's 50 day moving average price is GBX 6,918.55 and its two-hundred day moving average price is GBX 7,114.92. The firm has a market capitalization of £5.23 billion, a price-to-earnings ratio of 32.02, a P/E/G ratio of 2.20 and a beta of 1.14. Spirax-Sarco Engineering has a 12-month low of GBX 5,950 and a 12-month high of GBX 8,050.

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported GBX 150 earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a return on equity of 16.03% and a net margin of 11.36%. On average, analysts anticipate that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current year.

About Spirax-Sarco Engineering

Spirax Group is positioned to play a critical role in enabling the industrial transition to net zero, aligned to our Purpose to create sustainable value for all our stakeholders as we engineer a more efficient, safer and sustainable world. We put solving customers' problems at the heart of our total solutions approach. Our global thermal energy and fluid technology solutions improve operating efficiency and safety in our customers' critical industrial processes. Our new-to-world decarbonisation* solutions will use our proprietary technologies to electrify boilers for the raising of steam, as well as the electrification of other critical industrial process heating applications.

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