Spirax-Sarco Engineering (LON:SPX) Price Target Increased to GBX 8,540 by Analysts at Deutsche Bank

Spirax-Sarco Engineering (LON:SPX) had its target price raised by stock analysts at Deutsche Bank from GBX 6,570 ($85.85) to GBX 8,540 ($111.59) in a research report issued to clients and investors on Friday, ThisIsMoney.Co.Uk reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price indicates a potential downside of 2.06% from the company’s previous close.

SPX has been the topic of several other research reports. UBS Group restated a “neutral” rating on shares of Spirax-Sarco Engineering in a research note on Friday, March 8th. HSBC raised their price target on shares of Spirax-Sarco Engineering from GBX 6,300 ($82.32) to GBX 6,800 ($88.85) and gave the company a “hold” rating in a research note on Friday, March 8th. Peel Hunt restated an “add” rating on shares of Spirax-Sarco Engineering in a research note on Thursday, March 7th. Finally, Berenberg Bank initiated coverage on shares of Spirax-Sarco Engineering in a research note on Thursday, May 16th. They issued a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 6,852.08 ($89.53).

Shares of LON:SPX opened at GBX 8,720 ($113.94) on Friday. Spirax-Sarco Engineering has a 52 week low of GBX 5,875 ($76.77) and a 52 week high of GBX 8,940 ($116.82). The company has a market capitalization of $6.47 billion and a price-to-earnings ratio of 28.87. The company has a current ratio of 2.49, a quick ratio of 1.80 and a debt-to-equity ratio of 55.14.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions for users of industrial and commercial steam systems, electrical heating and temperature management systems, and process fluid paths and pumping systems. It offers condensate management products, such as steam traps, condensate return pumps, and isolation valves; controls, including automatic control valves, pressure regulators, and temperature controls; and thermal energy management products comprising metering products, boiler house products, heat transfer packages, and energy services.

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