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

Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) has received a consensus recommendation of "Hold" from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 8,012.50.

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

Insider Activity

In other news, insider Nimesh Patel sold 804 shares of the business's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of GBX 6,655, for a total value of £53,506.20. Also, insider Louisa Burdet sold 671 shares of the company's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of GBX 6,655, for a total transaction of £44,655.05. Insiders own 0.61% of the company's stock.

Spirax-Sarco Engineering Price Performance

Spirax-Sarco Engineering stock opened at GBX 7,400 on Friday. The company has a debt-to-equity ratio of 83.78, a current ratio of 1.85 and a quick ratio of 1.73. The stock has a market cap of £5.46 billion, a price-to-earnings ratio of 33.45, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15. The firm has a 50-day moving average of GBX 7,161.24 and a two-hundred day moving average of GBX 7,102.70. Spirax-Sarco Engineering has a 1 year low of GBX 5,535 and a 1 year high of GBX 8,050.

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

Spirax-Sarco Engineering Company Profile

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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