Spirax-Sarco Engineering’s (SPX) “Buy” Rating Reiterated at Citigroup

Citigroup reaffirmed their buy rating on shares of Spirax-Sarco Engineering (LON:SPX) in a research note published on Wednesday, MarketBeat.com reports.

Several other research firms have also commented on SPX. JPMorgan Chase & Co. reduced their price target on Spirax-Sarco Engineering from GBX 7,800 ($100.89) to GBX 7,700 ($99.60) and set a “neutral” rating on the stock in a research report on Wednesday. Shore Capital reissued a “sell” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 8,478 ($109.66).

Spirax-Sarco Engineering Stock Down 2.0 %

Shares of LON:SPX opened at GBX 6,965 ($90.09) on Wednesday. The firm has a market cap of £5.13 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 2.20 and a beta of 0.68. Spirax-Sarco Engineering has a 12-month low of GBX 6,350 ($82.14) and a 12-month high of £106.95 ($138.34). The company has a current ratio of 2.25, a quick ratio of 1.73 and a debt-to-equity ratio of 98.85. The stock’s 50-day moving average price is GBX 7,395.48 and its two-hundred day moving average price is GBX 7,172.65.

Spirax-Sarco Engineering (LON:SPX) last released its quarterly earnings results on Tuesday, March 11th. The company reported GBX 286.30 ($3.70) EPS for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. On average, research analysts forecast that Spirax-Sarco Engineering will post 334.5410628 EPS for the current year.

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.