Spirax-Sarco Engineering plc (LON:SPX) Receives Consensus Recommendation of “Hold” from Brokerages

Spirax-Sarco Engineering plc (LON:SPXGet Rating) has been assigned an average rating of “Hold” from the seven research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is £122.02 ($155.52).

A number of brokerages have commented on SPX. Morgan Stanley reiterated an “equal weight” rating on shares of Spirax-Sarco Engineering in a report on Wednesday, March 9th. Shore Capital reissued a “hold” rating on shares of Spirax-Sarco Engineering in a research report on Thursday, March 10th. Barclays reaffirmed an “equal weight” rating and issued a £135.90 ($173.21) price target on shares of Spirax-Sarco Engineering in a report on Tuesday, March 15th. Berenberg Bank reissued a “hold” rating and issued a £131.20 ($167.22) price objective on shares of Spirax-Sarco Engineering in a research report on Thursday, March 31st. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a £105 ($133.83) price target on shares of Spirax-Sarco Engineering in a research note on Wednesday, April 13th.

In other Spirax-Sarco Engineering news, insider Jane Kingston bought 1,580 shares of the firm’s stock in a transaction that occurred on Thursday, April 14th. The stock was bought at an average cost of £125 ($159.32) per share, for a total transaction of £197,500 ($251,720.62). Also, insider Nimesh Patel sold 5,341 shares of the stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of £123 ($156.77), for a total value of £656,943 ($837,296.71).

Shares of LON SPX opened at £119.15 ($151.86) on Thursday. Spirax-Sarco Engineering has a 1-year low of £107.85 ($137.46) and a 1-year high of £172.25 ($219.54). The business has a fifty day moving average price of £122.30 and a 200 day moving average price of £139.56. The stock has a market capitalization of £8.79 billion and a P/E ratio of 37.48. The company has a debt-to-equity ratio of 46.06, a current ratio of 2.11 and a quick ratio of 1.46.

The company also recently announced a dividend, which will be paid on Friday, May 20th. Investors of record on Thursday, April 21st will be given a GBX 97.50 ($1.24) dividend. The ex-dividend date of this dividend is Thursday, April 21st. This represents a yield of 0.86%. This is a positive change from Spirax-Sarco Engineering’s previous dividend of $38.50. Spirax-Sarco Engineering’s dividend payout ratio is currently 0.39%.

About Spirax-Sarco Engineering (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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