Brokerages Set Spirax-Sarco Engineering plc (LON:SPX) PT at GBX 8,107.50

Shares of Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) have been given a consensus rating of "Reduce" by the six brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 8,107.50 ($109.22).

Several equities research analysts have recently commented on SPX shares. JPMorgan Chase & Co. reduced their target price on Spirax-Sarco Engineering from GBX 7,800 ($105.08) to GBX 7,700 ($103.73) and set a "neutral" rating for the company in a report on Wednesday, March 12th. Shore Capital reiterated a "sell" rating on shares of Spirax-Sarco Engineering in a report on Tuesday, March 11th. Finally, Citigroup reiterated a "buy" rating on shares of Spirax-Sarco Engineering in a report on Wednesday, March 12th.

Spirax-Sarco Engineering Price Performance

Shares of LON SPX traded down GBX 5 ($0.07) during mid-day trading on Friday, reaching GBX 5,805 ($78.20). 229,731 shares of the company traded hands, compared to its average volume of 878,357. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73. The firm has a market cap of £4.27 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The stock has a fifty day simple moving average of GBX 6,004.65 and a 200-day simple moving average of GBX 6,759.74. Spirax-Sarco Engineering has a fifty-two week low of GBX 5,380 ($72.48) and a fifty-two week high of GBX 9,110 ($122.73).

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported GBX 286.30 ($3.86) EPS for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. Equities research analysts anticipate that Spirax-Sarco Engineering will post 334.5410628 EPS for the current fiscal year.

Spirax-Sarco Engineering Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th were issued a dividend of GBX 117.50 ($1.58) per share. This represents a yield of 1.7%. This is an increase from Spirax-Sarco Engineering's previous dividend of $47.50. The ex-dividend date was Thursday, April 24th. Spirax-Sarco Engineering's payout ratio is presently 62.13%.

Insider Activity

In other Spirax-Sarco Engineering news, insider Nimesh Patel sold 697 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of GBX 6,723 ($90.57), for a total value of £46,859.31 ($63,127.19). 0.73% of the stock is owned by corporate 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.