Analysts Set Spirax-Sarco Engineering plc (LON:SPX) Price Target at GBX 8,480

Shares of Spirax-Sarco Engineering plc (LON:SPXGet Free Report) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 8,480.

A number of analysts recently issued reports on SPX shares. Citigroup raised their price target on Spirax-Sarco Engineering from GBX 8,000 to GBX 8,400 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the company a “hold” rating in a research note on Thursday. UBS Group raised shares of Spirax-Sarco Engineering to a “buy” rating and lifted their price target for the stock from GBX 7,500 to £105 in a research note on Tuesday, October 28th. JPMorgan Chase & Co. upped their price target on shares of Spirax-Sarco Engineering from GBX 7,400 to GBX 7,500 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 8,500 price objective on shares of Spirax-Sarco Engineering in a research report on Thursday.

Get Our Latest Analysis on SPX

Spirax-Sarco Engineering Price Performance

Shares of SPX opened at GBX 6,930 on Friday. Spirax-Sarco Engineering has a twelve month low of GBX 5,380 and a twelve month high of GBX 8,245. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85. The firm has a 50 day moving average of GBX 6,996.39 and a 200 day moving average of GBX 6,521.35. The company has a market capitalization of £5.11 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68.

About Spirax-Sarco Engineering

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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.

Further Reading

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

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