Spirax-Sarco Engineering plc (LON:SPX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Spirax-Sarco Engineering plc (LON:SPX) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 8,540.

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

Spirax-Sarco Engineering Trading Up 1.2%

Shares of SPX opened at GBX 7,898.30 on Friday. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73. Spirax-Sarco Engineering has a 1-year low of GBX 5,380 and a 1-year high of GBX 8,050. The stock has a market cap of £5.84 billion, a price-to-earnings ratio of 35.89, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The firm has a 50 day simple moving average of GBX 7,175.12 and a 200-day simple moving average of GBX 7,024.67.

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.