Spirax-Sarco Engineering’s (SPX) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of Spirax-Sarco Engineering (LON:SPX) in a report released on Wednesday, Marketbeat.com reports. JPMorgan Chase & Co. currently has a GBX 7,400 ($101.00) price target on the stock.

Several other equities research analysts have also recently weighed in on the company. Citigroup reiterated a “buy” rating on shares of Spirax-Sarco Engineering in a report on Wednesday, March 12th. Shore Capital reaffirmed a “sell” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Spirax-Sarco Engineering presently has an average rating of “Hold” and an average target price of GBX 8,032.50 ($109.63).

Spirax-Sarco Engineering Stock Performance

Spirax-Sarco Engineering stock opened at GBX 6,170 ($84.21) on Wednesday. The company has a 50 day moving average price of GBX 5,946.30 and a 200-day moving average price of GBX 6,570.79. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25. Spirax-Sarco Engineering has a fifty-two week low of GBX 5,380 ($73.43) and a fifty-two week high of GBX 9,075 ($123.86). The company has a market capitalization of £4.54 billion, a PE ratio of 23.66, a P/E/G ratio of 2.20 and a beta of 0.68.

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.