Shore Capital Group Reaffirms “Hold” Rating for Spirax-Sarco Engineering (LON:SPX)

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “hold” rating restated by analysts at Shore Capital Group in a report issued on Tuesday, MarketBeat Ratings reports.

A number of other equities research analysts have also commented on SPX. JPMorgan Chase & Co. upped their target price on Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Peel Hunt restated a “buy” rating and set a GBX 8,500 price objective on shares of Spirax-Sarco Engineering in a research note on Thursday, November 13th. Finally, Deutsche Bank Aktiengesellschaft upped 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 report on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 8,012.50.

Spirax-Sarco Engineering Stock Performance

Shares of SPX stock opened at GBX 7,120 on Tuesday. The business has a fifty day moving average of GBX 7,378.30 and a 200 day moving average of GBX 7,091.59. Spirax-Sarco Engineering has a 1 year low of GBX 5,380 and a 1 year high of GBX 8,050. The company has a debt-to-equity ratio of 92.52, a current ratio of 1.77 and a quick ratio of 1.73. The firm has a market capitalization of £5.26 billion, a price-to-earnings ratio of 32.35, a price-to-earnings-growth ratio of 2.20 and a beta of 1.13.

Spirax-Sarco Engineering (LON:SPX) last posted its quarterly earnings results on Tuesday, March 10th. The company reported GBX 296.30 earnings per share for the quarter. Spirax-Sarco Engineering had a return on equity of 13.88% and a net margin of 9.80%. As a group, research analysts expect that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Nimesh Patel acquired 1,423 shares of the stock in a transaction on Tuesday, March 10th. The shares were acquired at an average price of GBX 7,370 per share, for a total transaction of £104,875.10. In the last 90 days, insiders purchased 1,427 shares of company stock valued at $10,515,980. Corporate insiders own 0.61% of the company’s stock.

Spirax-Sarco Engineering News Roundup

Here are the key news stories impacting Spirax-Sarco Engineering this week:

• Positive Sentiment: Stifel Nicolaus raised its price target on SPX from GBX 6,450 to GBX 7,250 (rating: Hold), a signal of improved analyst expectations that can support the share price. Digital Look
• Positive Sentiment: Insider buying: Nimesh Patel purchased 1,423 shares at GBX 7,370 (≈£104,875), which investors often view as a vote of confidence from management/insiders. InsiderTrades
• Neutral Sentiment: Berenberg Bank reaffirmed its Hold rating and maintains a GBX 7,350 price target — a steady signal but not a catalyst for large moves. Digital Look
• Neutral Sentiment: Shore Capital Group reiterated a Hold rating on SPX, keeping broker coverage broadly cautious/neutral. Digital Look
• Neutral Sentiment: Quarterly results: Spirax-Sarco reported GBX 296.30 EPS for the quarter with ROE ~13.9% and a net margin of 9.8%. Results provide fresh financials to judge execution, but without a clear beat/miss vs. consensus this is a mixed/neutral read. Earnings Transcript Slide Deck
• Negative Sentiment: Royal Bank of Canada raised its price target to GBX 6,800 but kept an Underperform rating — the continued bearish rating from a major broker can pressure sentiment despite the higher target. TickerReport

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.