Spirax-Sarco Engineering plc (LON:SPX) Given Consensus Recommendation of “Hold” by Brokerages

Spirax-Sarco Engineering plc (LON:SPX) has been given a consensus recommendation of “Hold” by the twelve research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 7,986.67 ($104.36).

Several research analysts have weighed in on SPX shares. Morgan Stanley reiterated an “equal weight” rating on shares of Spirax-Sarco Engineering in a research report on Thursday, July 11th. Jefferies Financial Group reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, July 24th. Peel Hunt restated a “hold” rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 7th. Royal Bank of Canada restated an “underperform” rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, October 9th. Finally, UBS Group restated a “neutral” rating on shares of Spirax-Sarco Engineering in a research report on Friday, November 1st.

SPX traded down GBX 50 ($0.65) during trading on Friday, hitting GBX 8,440 ($110.28). The company’s stock had a trading volume of 124,492 shares, compared to its average volume of 143,754. The company has a quick ratio of 1.43, a current ratio of 2.20 and a debt-to-equity ratio of 77.00. Spirax-Sarco Engineering has a one year low of GBX 5,875 ($76.77) and a one year high of GBX 9,440 ($123.35). The firm has a market cap of $6.20 billion and a PE ratio of 28.19. The business’s 50 day simple moving average is GBX 7,760.40 and its 200-day simple moving average is GBX 8,294.

Spirax-Sarco Engineering (LON:SPX) last released its quarterly earnings results on Wednesday, August 7th. The company reported GBX 120 ($1.57) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 125.20 ($1.64) by GBX (5.20) (($0.07)). Equities research analysts expect that Spirax-Sarco Engineering will post 26635.0007877 EPS for the current fiscal year.

Spirax-Sarco Engineering Company Profile

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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Analyst Recommendations for Spirax-Sarco Engineering (LON:SPX)

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