Analysts Set Spirax-Sarco Engineering plc (LON:SPX) Target Price at GBX 8,672.50

Spirax-Sarco Engineering plc (LON:SPX) has earned an average recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 8,478 ($109.82).

Several equities analysts have recently commented on SPX shares. Citigroup reiterated a “buy” rating on shares of Spirax-Sarco Engineering in a research note on Wednesday. Shore Capital reissued a “sell” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price target on Spirax-Sarco Engineering from GBX 7,800 ($101.04) to GBX 7,700 ($99.74) and set a “neutral” rating on the stock in a research report on Wednesday.

Spirax-Sarco Engineering Stock Up 0.2 %

LON SPX opened at GBX 7,155 ($92.68) on Tuesday. The stock has a market cap of £5.27 billion, a PE ratio of 27.44, a P/E/G ratio of 2.20 and a beta of 0.68. Spirax-Sarco Engineering has a fifty-two week low of GBX 6,350 ($82.25) and a fifty-two week high of £107.30 ($138.99). The business has a 50 day moving average price of GBX 7,389.38 and a two-hundred day moving average price of GBX 7,175.52. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85.

Spirax-Sarco Engineering (LON:SPX) last released its earnings results on Tuesday, March 11th. The company reported GBX 286.30 ($3.71) EPS for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. As a group, sell-side analysts predict that Spirax-Sarco Engineering will post 334.5410628 EPS for the current fiscal year.

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.