Spirax-Sarco Engineering plc (LON:SPX) Receives GBX 8,540 Average PT from Analysts

Spirax-Sarco Engineering plc (LON:SPX) has been given an average rating of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 8,540.

SPX has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 8,500 target price on shares of Spirax-Sarco Engineering in a research note on Thursday, November 13th. UBS Group raised Spirax-Sarco Engineering to a “buy” rating and raised their price target for the stock from GBX 7,500 to £105 in a research report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft upped their price objective on Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the company a “hold” rating in a research report on Thursday, November 13th. Finally, Shore Capital reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a research report on Thursday, November 13th.

Spirax-Sarco Engineering Price Performance

Shares of LON SPX opened at GBX 7,265 on Wednesday. The company has a current ratio of 2.25, a quick ratio of 1.73 and a debt-to-equity ratio of 98.85. The company’s 50-day moving average price is GBX 6,920.38 and its 200 day moving average price is GBX 6,868.65. Spirax-Sarco Engineering has a 52 week low of GBX 5,380 and a 52 week high of GBX 8,205. The stock has a market cap of £5.37 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.20 and a beta of 0.68.

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. It creates more distinction between the Group and its Spirax Sarco trading Division (part of Steam Thermal Solutions), providing improved clarity for all stakeholders.