Spirax-Sarco Engineering (LON:SPX) Given Hold Rating at Shore Capital Group

Shore Capital Group restated their hold rating on shares of Spirax-Sarco Engineering (LON:SPX) in a report issued on Tuesday morning, MarketBeat.com reports.

Several other equities analysts also recently issued reports on the stock. Peel Hunt reaffirmed a “buy” rating and set a GBX 8,500 price target on shares of Spirax-Sarco Engineering in a research note on Thursday, November 13th. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Finally, JPMorgan Chase & Co. raised their target price on Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 8,540.

Spirax-Sarco Engineering Stock Performance

Spirax-Sarco Engineering stock opened at GBX 7,325 on Tuesday. The business has a 50 day moving average of GBX 7,372.30 and a 200-day moving average of GBX 7,091.39. The company has a market capitalization of £5.41 billion, a P/E ratio of 33.28, a P/E/G ratio of 2.20 and a beta of 1.13. Spirax-Sarco Engineering has a 1 year low of GBX 5,380 and a 1 year high of GBX 8,050. The company has a debt-to-equity ratio of 92.52, a current ratio of 1.77 and a quick ratio of 1.73.

Spirax-Sarco Engineering (LON:SPX) last posted its earnings results on Tuesday, March 10th. The company reported GBX 296.30 EPS for the quarter. Spirax-Sarco Engineering had a net margin of 9.80% and a return on equity of 13.88%. On average, equities research analysts predict that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current year.

Insider Buying and Selling

In other Spirax-Sarco Engineering news, insider Nimesh Patel acquired 1,423 shares of the stock in a transaction on Tuesday, March 10th. The shares were purchased at an average price of GBX 7,370 per share, for a total transaction of £104,875.10. Insiders purchased a total of 1,427 shares of company stock valued at $10,515,980 over the last ninety days. Company insiders own 0.61% of the company’s stock.

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.