Spirax-Sarco Engineering (LON:SPX) Price Target Raised to GBX 7,800 at JPMorgan Chase & Co.

Spirax-Sarco Engineering (LON:SPX) had its price target boosted by JPMorgan Chase & Co. from GBX 7,500 to GBX 7,800 in a research report sent to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the stock a “hold” rating in a research report on Thursday, November 13th. Citigroup increased 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. Shore Capital restated a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Thursday, November 13th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 8,500 price objective on shares of Spirax-Sarco Engineering in a report on Thursday, November 13th. Finally, UBS Group upgraded Spirax-Sarco Engineering to a “buy” rating and upped their target price for the company from GBX 7,500 to £105 in a research report on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 8,540.

Spirax-Sarco Engineering Stock Performance

LON:SPX opened at GBX 6,920 on Thursday. The stock has a market cap of £5.10 billion, a P/E ratio of 31.44, a PEG ratio of 2.20 and a beta of 0.68. The stock has a 50 day simple moving average of GBX 6,917.92 and a 200 day simple moving average of GBX 6,573.74. The company has a current ratio of 2.25, a quick ratio of 1.73 and a debt-to-equity ratio of 98.85. Spirax-Sarco Engineering has a 1-year low of GBX 5,380 and a 1-year high of GBX 8,245.

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.