Spirax-Sarco Engineering - SPX Share Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spirax-Sarco Engineering in the last twelve months. There are currently 1 sell rating and 5 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SPX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPX, but not buy additional shares or sell existing shares.
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6 equities research analysts have issued 12 month target prices for Spirax-Sarco Engineering's shares. Their SPX share price forecasts range from £105 to £131.20. On average, they predict the company's share price to reach £120.68 in the next twelve months. This suggests a possible upside of 5.8% from the stock's current price.
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Spirax-Sarco Engineering's stock was trading at £106.15 at the beginning of 2023. Since then, SPX shares have increased by 7.4% and is now trading at £114.05.
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Spirax-Sarco Engineering plc (LON:SPX) posted its quarterly earnings data on Wednesday, August, 7th. The company reported $120.00 EPS for the quarter, missing the consensus estimate of $125.20 by $5.20. Spirax-Sarco Engineering had a trailing twelve-month return on equity of 20.64% and a net margin of 13.95%.

Spirax-Sarco Engineering announced a dividend on Thursday, March 9th. Stockholders of record on Thursday, April 20th will be paid a dividend of GBX 109.50 per share on Friday, May 19th. This represents a dividend yield of 0.92%. The ex-dividend date is Thursday, April 20th. This is a positive change from the stock's previous dividend of GBX 42.50. The official announcement can be accessed at this link.
Read our dividend analysis for SPX.

Spirax-Sarco Engineering (LON:SPX) pays an annual dividend of GBX 152 per share and currently has a dividend yield of 1.37%. The dividend payout ratio is 5,000.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
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Spirax-Sarco Engineering trades on the London Stock Exchange (LON) under the ticker symbol "SPX."

Shares of SPX stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
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One share of SPX stock can currently be purchased for approximately £114.05.

Spirax-Sarco Engineering (LON:SPX) has a market capitalization of £8.41 billion and generates £1.61 billion in revenue each year. The company earns £224.70 million in net income (profit) each year or GBX 3.04 on an earnings per share basis.

The company employs 8,700 workers across the globe.

Spirax-Sarco Engineering's mailing address is Charlton House, 15 Cirencester Road, CHELTENHAM, GL53 8ER, United Kingdom. The official website for the company is www.spiraxsarcoengineering.com. The company can be reached via phone at +44-1242-521361.