Citigroup Reaffirms “Buy” Rating for Spirax-Sarco Engineering (LON:SPX)

Citigroup reissued their buy rating on shares of Spirax-Sarco Engineering (LON:SPX) in a report issued on Wednesday morning, Marketbeat.com reports.

A number of other equities research analysts also recently weighed in on SPX. JPMorgan Chase & Co. lowered their price target on Spirax-Sarco Engineering from GBX 7,800 ($100.89) to GBX 7,700 ($99.60) and set a “neutral” rating for the company in a report on Wednesday. Shore Capital reiterated a “sell” rating on shares of Spirax-Sarco Engineering in a report on Tuesday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Spirax-Sarco Engineering presently has a consensus rating of “Hold” and an average target price of GBX 8,478 ($109.66).

Spirax-Sarco Engineering Price Performance

Shares of LON SPX opened at GBX 6,965 ($90.09) on Wednesday. Spirax-Sarco Engineering has a twelve month low of GBX 6,350 ($82.14) and a twelve month high of £106.95 ($138.34). 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 company has a market capitalization of £5.13 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The business has a 50 day simple moving average of GBX 7,395.48 and a 200-day simple moving average of GBX 7,172.65.

Spirax-Sarco Engineering (LON:SPX) last issued its quarterly earnings results on Tuesday, March 11th. The company reported GBX 286.30 ($3.70) earnings per share for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. As a group, equities research analysts expect that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current year.

About Spirax-Sarco Engineering

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.