Brokerages Set Spirax-Sarco Engineering plc (LON:SPX) Price Target at GBX 8,012.50

Spirax-Sarco Engineering plc (LON:SPX) has been assigned an average rating of “Hold” from the nine research firms that are currently covering the firm, MarketBeat 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 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 8,012.50.

Separately, UBS Group reiterated a “buy” rating and set a £105 price objective on shares of Spirax-Sarco Engineering in a research note on Monday, May 11th.

Spirax-Sarco Engineering Trading Up 1.2%

Spirax-Sarco Engineering stock opened at GBX 7,165 on Wednesday. Spirax-Sarco Engineering has a 1 year low of GBX 5,950 and a 1 year high of GBX 8,050. The firm’s 50-day moving average is GBX 6,840.68 and its 200-day moving average is GBX 7,105.48. The company has a debt-to-equity ratio of 83.78, a quick ratio of 1.73 and a current ratio of 1.85. The company has a market cap of £5.29 billion, a P/E ratio of 32.39, a PEG ratio of 2.20 and a beta of 1.15.

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.