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

Spirax-Sarco Engineering plc (LON:SPX) has been assigned a consensus rating of “Reduce” from the six ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 8,107.50 ($109.75).

A number of analysts have issued reports on SPX shares. JPMorgan Chase & Co. reduced their price objective on Spirax-Sarco Engineering from GBX 7,800 ($105.59) to GBX 7,700 ($104.24) and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Citigroup reiterated a “buy” rating on shares of Spirax-Sarco Engineering in a report on Wednesday, March 12th. Finally, Shore Capital restated a “sell” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, March 11th.

Insider Buying and Selling

In other Spirax-Sarco Engineering news, insider Nimesh Patel sold 697 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of GBX 6,723 ($91.01), for a total value of £46,859.31 ($63,434.83). 0.73% of the stock is owned by corporate insiders.

Spirax-Sarco Engineering Trading Down 1.3%

Shares of LON:SPX opened at GBX 5,712.60 ($77.33) on Friday. Spirax-Sarco Engineering has a 52-week low of GBX 5,380 ($72.83) and a 52-week high of GBX 9,270 ($125.49). The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25. The stock has a market capitalization of £4.21 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.20 and a beta of 0.68. The stock’s 50-day simple moving average is GBX 6,064.59 and its two-hundred day simple moving average is GBX 6,776.99.

Spirax-Sarco Engineering (LON:SPX) last issued its earnings results on Tuesday, March 11th. The company reported GBX 286.30 ($3.88) earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. Analysts expect that Spirax-Sarco Engineering will post 334.5410628 EPS for the current year.

Spirax-Sarco Engineering Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th were paid a GBX 117.50 ($1.59) dividend. This represents a dividend yield of 1.7%. This is a boost from Spirax-Sarco Engineering’s previous dividend of $47.50. The ex-dividend date of this dividend was Thursday, April 24th. Spirax-Sarco Engineering’s dividend payout ratio (DPR) is presently 62.13%.

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.