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

Spirax-Sarco Engineering plc (LON:SPXGet Rating) has received a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is £126.03 ($155.36).

A number of analysts have commented on the company. JPMorgan Chase & Co. lowered their price target on Spirax-Sarco Engineering from £135 ($166.42) to £132 ($162.72) and set a “neutral” rating for the company in a research report on Thursday, May 12th. Barclays reaffirmed an “equal weight” rating and set a £135.90 ($167.53) price target on shares of Spirax-Sarco Engineering in a research report on Tuesday, March 15th. Royal Bank of Canada reaffirmed an “underperform” rating and set a £105 ($129.44) price target on shares of Spirax-Sarco Engineering in a research report on Wednesday, April 13th. Shore Capital reissued a “hold” rating on shares of Spirax-Sarco Engineering in a report on Wednesday, May 11th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Spirax-Sarco Engineering in a report on Wednesday, May 11th.

In other Spirax-Sarco Engineering news, insider Jane Kingston purchased 1,580 shares of the business’s stock in a transaction that occurred on Thursday, April 14th. The stock was purchased at an average price of £125 ($154.09) per share, for a total transaction of £197,500 ($243,466.47). Also, insider Nimesh Patel sold 5,341 shares of the business’s stock in a transaction that occurred on Tuesday, March 15th. The stock was sold at an average price of £123 ($151.63), for a total value of £656,943 ($809,840.98).

Spirax-Sarco Engineering stock opened at £104.40 ($128.70) on Monday. The company has a debt-to-equity ratio of 46.06, a current ratio of 2.11 and a quick ratio of 1.53. The stock has a market capitalization of £7.70 billion and a price-to-earnings ratio of 33.10. Spirax-Sarco Engineering has a 1-year low of £100.45 ($123.83) and a 1-year high of £172.25 ($212.34). The business has a fifty day moving average price of £120.89 and a 200-day moving average price of £134.91.

The firm also recently declared a dividend, which was paid on Friday, May 20th. Investors of record on Thursday, April 21st were paid a GBX 97.50 ($1.20) dividend. This represents a dividend yield of 0.86%. The ex-dividend date of this dividend was Thursday, April 21st. This is a positive change from Spirax-Sarco Engineering’s previous dividend of $38.50. Spirax-Sarco Engineering’s payout ratio is currently 0.39%.

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.

Further Reading

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

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