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

Spirax-Sarco Engineering plc (LON:SPX) has been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 8,478 ($109.66).

A number of equities analysts recently issued reports on the stock. Citigroup reiterated a “buy” rating on shares of Spirax-Sarco Engineering in a research report on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of Spirax-Sarco Engineering from GBX 7,800 ($100.89) to GBX 7,700 ($99.60) and set a “neutral” rating for the company in a research note on Wednesday. Finally, Shore Capital reissued a “sell” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, March 11th.

Spirax-Sarco Engineering Price Performance

LON:SPX opened at GBX 6,965 ($90.09) on Tuesday. Spirax-Sarco Engineering has a 52 week low of GBX 6,350 ($82.14) and a 52 week high of £106.95 ($138.34). The firm has a market cap of £5.13 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 2.20 and a beta of 0.68. The firm’s 50-day simple moving average is GBX 7,401.08 and its 200 day simple moving average is GBX 7,165.52. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25.

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

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.