Spirax-Sarco Engineering plc (LON:SPX) Receives Average Recommendation of “Reduce” from Analysts

Spirax-Sarco Engineering plc (LON:SPX) has been given an average recommendation of “Reduce” by the seven brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 8,672.50 ($109.21).

A number of research analysts have recently weighed in on the stock. Shore Capital restated a “sell” rating on shares of Spirax-Sarco Engineering in a report on Friday, August 30th. Berenberg Bank restated a “hold” rating and set a GBX 8,150 ($102.63) price objective on shares of Spirax-Sarco Engineering in a report on Wednesday, September 25th. Finally, Royal Bank of Canada decreased their target price on shares of Spirax-Sarco Engineering from GBX 8,000 ($100.74) to GBX 7,000 ($88.15) and set an “underperform” rating on the stock in a research report on Thursday, August 15th.

Spirax-Sarco Engineering Trading Up 4.3 %

LON:SPX opened at GBX 6,790 ($85.51) on Wednesday. Spirax-Sarco Engineering has a fifty-two week low of GBX 6,350 ($79.96) and a fifty-two week high of £112.80 ($142.05). The company has a debt-to-equity ratio of 98.81, a current ratio of 2.26 and a quick ratio of 1.73. The stock has a market cap of £5.00 billion, a PE ratio of 2,611.54, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The stock’s 50-day moving average is GBX 6,907.30 and its two-hundred day moving average is GBX 7,936.80.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.