Spirax-Sarco Engineering plc (LON:SPX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Spirax-Sarco Engineering plc (LON:SPX) have earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 8,540.

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

Spirax-Sarco Engineering Stock Performance

Shares of Spirax-Sarco Engineering stock opened at GBX 7,375 on Wednesday. Spirax-Sarco Engineering has a 52 week low of GBX 5,380 and a 52 week high of GBX 8,245. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85. The business has a 50 day moving average price of GBX 6,887 and a 200-day moving average price of GBX 6,853.43. The company has a market cap of £5.45 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68.

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