Analysts Set Spirax-Sarco Engineering plc (LON:SPX) PT at GBX 8,107.50

Shares of Spirax-Sarco Engineering plc (LON:SPX) have been assigned a consensus recommendation of “Reduce” from the six research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 8,032.50 ($109.63).

A number of analysts have commented on the company. Shore Capital reiterated a “sell” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, March 11th. Citigroup reissued a “buy” rating on shares of Spirax-Sarco Engineering in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 7,400 ($101.00) target price on shares of Spirax-Sarco Engineering in a report on Wednesday.

Spirax-Sarco Engineering Price Performance

Shares of SPX stock opened at GBX 6,180 ($84.35) on Wednesday. The stock has a 50 day moving average of GBX 5,946.30 and a two-hundred day moving average of GBX 6,570.79. The company has a current ratio of 2.25, a quick ratio of 1.73 and a debt-to-equity ratio of 98.85. Spirax-Sarco Engineering has a 12 month low of GBX 5,380 ($73.43) and a 12 month high of GBX 9,075 ($123.86). The company has a market capitalization of £4.55 billion, a P/E ratio of 23.70, a P/E/G ratio of 2.20 and a beta of 0.68.

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.