Spirax-Sarco Engineering plc (LON:SPX) Receives GBX 8,107.50 Average Target Price from Brokerages

Shares of Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) have earned a consensus recommendation of "Reduce" from the six ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 8,107.50 ($109.43).

A number of equities analysts recently commented on SPX shares. Shore Capital restated a "sell" rating on shares of Spirax-Sarco Engineering in a report on Tuesday, March 11th. Citigroup restated a "buy" rating on shares of Spirax-Sarco Engineering in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. dropped their price objective on Spirax-Sarco Engineering from GBX 7,800 ($105.28) to GBX 7,700 ($103.93) and set a "neutral" rating on the stock in a report on Wednesday, March 12th.

Insiders Place Their Bets

In other news, insider Nimesh Patel sold 697 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of GBX 6,723 ($90.74), for a total value of £46,859.31 ($63,246.47). Company insiders own 0.73% of the company's stock.

Spirax-Sarco Engineering Stock Up 0.1%

Shares of SPX traded up GBX 5 ($0.07) during trading hours on Friday, reaching GBX 5,815 ($78.49). The company's stock had a trading volume of 65,161 shares, compared to its average volume of 876,743. The firm has a market cap of £4.28 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 2.20 and a beta of 0.68. Spirax-Sarco Engineering has a 1-year low of GBX 5,380 ($72.61) and a 1-year high of GBX 9,110 ($122.96). The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85. The company has a 50 day moving average of GBX 5,986.65 and a two-hundred day moving average of GBX 6,755.85.

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

Spirax-Sarco Engineering Increases Dividend

The business also recently announced a dividend, which was paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th were given a dividend of GBX 117.50 ($1.59) per share. The ex-dividend date was Thursday, April 24th. This represents a yield of 1.7%. This is a boost from Spirax-Sarco Engineering's previous dividend of $47.50. Spirax-Sarco Engineering's dividend payout ratio is presently 62.13%.

About Spirax-Sarco Engineering

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.