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

Shares of Spirax-Sarco Engineering plc (LON:SPX) have earned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 8,012.50.

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

Spirax-Sarco Engineering Stock Down 1.9%

SPX stock opened at GBX 6,835 on Tuesday. Spirax-Sarco Engineering has a twelve month low of GBX 5,535 and a twelve month high of GBX 8,050. The company has a quick ratio of 1.73, a current ratio of 1.85 and a debt-to-equity ratio of 83.78. The firm has a market cap of £5.04 billion, a PE ratio of 30.90, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15. The business has a 50 day moving average of GBX 7,088.26 and a 200 day moving average of GBX 7,101.95.

Spirax-Sarco Engineering (LON:SPX) last posted its quarterly earnings data 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 13.86% and a net margin of 9.60%. On average, research analysts forecast that Spirax-Sarco Engineering will post 334.5410628 EPS for the current fiscal year.

Insider Buying and Selling at Spirax-Sarco Engineering

In other Spirax-Sarco Engineering news, insider Louisa Burdet sold 671 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of GBX 6,655, for a total transaction of £44,655.05. Also, insider Nimesh Patel sold 804 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of GBX 6,655, for a total value of £53,506.20. Company insiders own 0.61% of the company’s stock.

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.