Spirax-Sarco Engineering plc (LON:SPX) Receives GBX 8,672.50 Consensus PT from Brokerages

Spirax-Sarco Engineering plc (LON:SPX) has been assigned an average rating of “Reduce” from the seven research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 8,672.50 ($108.72).

SPX has been the topic of a number of analyst reports. Royal Bank of Canada reduced their price target on Spirax-Sarco Engineering from GBX 8,000 ($100.29) to GBX 7,000 ($87.75) and set an “underperform” rating on the stock in a research report on Thursday, August 15th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 8,150 ($102.17) target price on shares of Spirax-Sarco Engineering in a report on Wednesday, September 25th. Finally, Shore Capital restated a “sell” rating on shares of Spirax-Sarco Engineering in a report on Friday, August 30th.

Spirax-Sarco Engineering Stock Up 4.3 %

SPX stock opened at GBX 6,790 ($85.12) on Wednesday. The company has a debt-to-equity ratio of 98.81, a current ratio of 2.26 and a quick ratio of 1.73. The stock has a market capitalization of £5.00 billion, a price-to-earnings ratio of 2,611.54, a PEG ratio of 2.20 and a beta of 0.68. Spirax-Sarco Engineering has a fifty-two week low of GBX 6,350 ($79.60) and a fifty-two week high of £112.80 ($141.41). The business’s fifty day moving average price is GBX 6,918 and its two-hundred day moving average price is GBX 7,964.59.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.