Spirax-Sarco Engineering plc (LON:SPX) Receives GBX 8,672.50 Consensus PT from Analysts

Shares of Spirax-Sarco Engineering plc (LON:SPX) have earned a consensus recommendation of “Reduce” from the seven brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 8,672.50 ($108.39).

SPX has been the subject of several analyst reports. Shore Capital reaffirmed a “sell” rating on shares of Spirax-Sarco Engineering in a research report on Friday, August 30th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 8,150 ($101.86) price target on shares of Spirax-Sarco Engineering in a report on Wednesday, September 25th.

Spirax-Sarco Engineering Price Performance

Spirax-Sarco Engineering stock opened at GBX 6,924.62 ($86.55) on Friday. The stock has a market cap of £5.10 billion, a P/E ratio of 2,663.32, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The company has a fifty day simple moving average of GBX 6,861.03 and a 200-day simple moving average of GBX 7,742.30. The company has a current ratio of 2.26, a quick ratio of 1.73 and a debt-to-equity ratio of 98.81. Spirax-Sarco Engineering has a 12-month low of GBX 6,350 ($79.37) and a 12-month high of £112.80 ($140.98).

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.