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

Spirax-Sarco Engineering plc (LON:SPX) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 8,540.

Several equities analysts have recently issued reports on SPX shares. Shore Capital reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Thursday, November 13th. JPMorgan Chase & Co. lifted their price target on shares of Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Peel Hunt reiterated a “buy” rating and set a GBX 8,500 price target on shares of Spirax-Sarco Engineering in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the company a “hold” rating in a research report on Thursday, November 13th. Finally, UBS Group raised shares of Spirax-Sarco Engineering to a “buy” rating and lifted their price objective for the stock from GBX 7,500 to £105 in a research report on Tuesday, October 28th.

Spirax-Sarco Engineering Trading Up 2.4%

LON:SPX opened at GBX 6,985 on Friday. Spirax-Sarco Engineering has a 12-month low of GBX 5,380 and a 12-month high of GBX 8,245. The firm has a market cap of £5.15 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. 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 has a fifty day moving average price of GBX 6,865.06 and a 200 day moving average price of GBX 6,714.03.

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. It creates more distinction between the Group and its Spirax Sarco trading Division (part of Steam Thermal Solutions), providing improved clarity for all stakeholders.