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

Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) has been given a consensus recommendation of "Reduce" by the six analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 8,107.50 ($110.01).

A number of research firms have recently commented on SPX. Citigroup reiterated a "buy" rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, March 12th. JPMorgan Chase & Co. reduced their target price on Spirax-Sarco Engineering from GBX 7,800 ($105.83) to GBX 7,700 ($104.48) and set a "neutral" rating for the company in a report on Wednesday, March 12th. Finally, Shore Capital reaffirmed a "sell" rating on shares of Spirax-Sarco Engineering in a report on Tuesday, March 11th.

Spirax-Sarco Engineering Stock Up 1.4%

LON SPX traded up GBX 78.49 ($1.06) during trading hours on Friday, hitting GBX 5,830 ($79.10). The company's stock had a trading volume of 113,209 shares, compared to its average volume of 890,331. The company has a market capitalization of £4.29 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The company has a current ratio of 2.25, a quick ratio of 1.73 and a debt-to-equity ratio of 98.85. Spirax-Sarco Engineering has a 52 week low of GBX 5,380 ($73.00) and a 52 week high of GBX 9,270 ($125.78). The company's 50-day simple moving average is GBX 6,041.85 and its two-hundred day simple moving average is GBX 6,769.60.

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported GBX 286.30 ($3.88) earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. Research analysts anticipate that Spirax-Sarco Engineering will post 334.5410628 EPS for the current fiscal year.

Spirax-Sarco Engineering Increases Dividend

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

Insider Buying and Selling

In other news, insider Nimesh Patel sold 697 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of GBX 6,723 ($91.22), for a total value of £46,859.31 ($63,581.15). 0.73% of the stock is currently 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.