Spirax-Sarco Engineering plc (LON:SPX) Given Average Rating of “Hold” by Brokerages

Shares of Spirax-Sarco Engineering plc (LON:SPX) have received an average recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 8,107.50 ($103.60).

SPX has been the topic of a number of recent research reports. Citigroup reaffirmed a “buy” rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, March 12th. JPMorgan Chase & Co. cut their target price on shares of Spirax-Sarco Engineering from GBX 7,800 ($99.67) to GBX 7,700 ($98.39) and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Finally, Shore Capital reaffirmed a “sell” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, March 11th.

Insider Activity at Spirax-Sarco Engineering

In other Spirax-Sarco Engineering news, insider Nimesh Patel sold 697 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of GBX 6,723 ($85.91), for a total transaction of £46,859.31 ($59,876.45). Company insiders own 0.73% of the company’s stock.

Spirax-Sarco Engineering Trading Down 2.4 %

Shares of SPX opened at GBX 5,572.55 ($71.21) on Friday. Spirax-Sarco Engineering has a twelve month low of GBX 5,380 ($68.75) and a twelve month high of GBX 9,850 ($125.86). The firm has a market capitalization of £4.10 billion, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The company has a current ratio of 2.25, a quick ratio of 1.73 and a debt-to-equity ratio of 98.85. The stock’s fifty day simple moving average is GBX 7,015.86 and its 200 day simple moving average is GBX 7,005.67.

Spirax-Sarco Engineering (LON:SPX) last released its quarterly earnings data on Tuesday, March 11th. The company reported GBX 286.30 ($3.66) EPS for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. On average, equities research analysts forecast that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current year.

Spirax-Sarco Engineering Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be paid a GBX 117.50 ($1.50) dividend. The ex-dividend date is Thursday, April 24th. This is an increase from Spirax-Sarco Engineering’s previous dividend of $47.50. This represents a dividend yield of 1.7%. Spirax-Sarco Engineering’s dividend payout ratio is 62.13%.

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.