Spirax-Sarco Engineering plc (LON:SPX) Receives £124.02 Consensus Target Price from Analysts

Shares of Spirax-Sarco Engineering plc (LON:SPXGet Rating) have received an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is £124.02 ($162.65).

A number of research firms have weighed in on SPX. Shore Capital reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a report on Thursday, March 10th. Barclays reaffirmed an “equal weight” rating and issued a £135.90 ($178.23) price objective on shares of Spirax-Sarco Engineering in a research report on Tuesday, March 15th. Berenberg Bank reiterated a “hold” rating and set a £131.20 ($172.07) target price on shares of Spirax-Sarco Engineering in a research note on Thursday, March 31st. Morgan Stanley reiterated an “equal weight” rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, March 9th. Finally, Royal Bank of Canada restated an “underperform” rating and issued a £115 ($150.82) price objective on shares of Spirax-Sarco Engineering in a research note on Monday, January 31st.

Shares of SPX traded down GBX 285 ($3.74) during trading hours on Friday, hitting £127.10 ($166.69). The company had a trading volume of 106,273 shares, compared to its average volume of 137,662. The firm has a market cap of £9.38 billion and a P/E ratio of 40.03. The stock’s 50 day moving average price is £122.86 and its 200 day moving average price is £142.71. The company has a quick ratio of 1.46, a current ratio of 2.11 and a debt-to-equity ratio of 46.06. Spirax-Sarco Engineering has a 52-week low of £107.85 ($141.44) and a 52-week high of £172.25 ($225.90).

The firm also recently disclosed a dividend, which will be paid on Friday, May 20th. Investors of record on Thursday, April 21st will be issued a dividend of GBX 97.50 ($1.28) per share. This represents a yield of 0.86%. This is a positive change from Spirax-Sarco Engineering’s previous dividend of $38.50. The ex-dividend date is Thursday, April 21st. Spirax-Sarco Engineering’s dividend payout ratio (DPR) is presently 42.83%.

In other news, insider Nimesh Patel sold 5,341 shares of Spirax-Sarco Engineering stock in a transaction on Tuesday, March 15th. The shares were sold at an average price of £123 ($161.31), for a total transaction of £656,943 ($861,564.59).

Spirax-Sarco Engineering Company Profile (Get Rating)

Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, electrical heating and temperature management systems, and pumps and fluid path technologies. It offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating and curing, cleaning and sterilizing, hot water generation, space heating, and humidification; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes, heaters, and systems; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications.

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Analyst Recommendations for Spirax-Sarco Engineering (LON:SPX)

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