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

Spirax-Sarco Engineering plc (LON:SPX) has been assigned an average recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 8,012.50.

A number of equities research analysts have recently weighed in on SPX shares. Shore Capital Group reissued a “hold” rating on shares of Spirax-Sarco Engineering in a report on Tuesday, March 10th. Royal Bank Of Canada lifted their target price on Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the stock an “underperform” rating in a report on Wednesday, March 11th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a report on Wednesday, March 11th. UBS Group reaffirmed a “buy” rating and set a £105 target price on shares of Spirax-Sarco Engineering in a report on Monday, May 11th. Finally, Stifel Nicolaus increased their price target on Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the stock a “hold” rating in a research report on Wednesday, March 11th.

Spirax-Sarco Engineering Price Performance

Shares of SPX stock opened at GBX 6,855 on Friday. The firm has a market capitalization of £5.06 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 2.20 and a beta of 1.13. The company has a debt-to-equity ratio of 83.78, a quick ratio of 1.73 and a current ratio of 1.85. Spirax-Sarco Engineering has a fifty-two week low of GBX 5,845 and a fifty-two week high of GBX 8,050. The stock’s 50-day simple moving average is GBX 7,077.88 and its 200-day simple moving average is GBX 7,110.45.

About Spirax-Sarco Engineering

Spirax Group is positioned to play a critical role in enabling the industrial transition to net zero, aligned to our Purpose to create sustainable value for all our stakeholders as we engineer a more efficient, safer and sustainable world. We put solving customers’ problems at the heart of our total solutions approach. Our global thermal energy and fluid technology solutions improve operating efficiency and safety in our customers’ critical industrial processes. Our new-to-world decarbonisation* solutions will use our proprietary technologies to electrify boilers for the raising of steam, as well as the electrification of other critical industrial process heating applications.