Spirax-Sarco Engineering (LON:SPX) Price Target Raised to GBX 7,250 at Stifel Nicolaus

Spirax-Sarco Engineering (LON:SPX) had its price target raised by Stifel Nicolaus from GBX 6,450 to GBX 7,250 in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a hold rating on the stock.

Other analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft boosted their price target on Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the stock a “hold” rating in a report on Thursday, November 13th. Peel Hunt reiterated a “buy” rating and set a GBX 8,500 target price 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 report on Tuesday. Finally, JPMorgan Chase & Co. upped 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. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 8,012.50.

Spirax-Sarco Engineering Price Performance

Spirax-Sarco Engineering stock opened at GBX 7,120 on Wednesday. The stock has a fifty day moving average of GBX 7,378.30 and a 200-day moving average of GBX 7,091.59. The stock has a market capitalization of £5.26 billion, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 2.20 and a beta of 1.13. The company has a debt-to-equity ratio of 92.52, a quick ratio of 1.73 and a current ratio of 1.77. Spirax-Sarco Engineering has a 52 week low of GBX 5,380 and a 52 week high of GBX 8,050.

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, sell-side analysts expect that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current fiscal year.

Insider Transactions at Spirax-Sarco Engineering

In other news, insider Nimesh Patel purchased 1,423 shares of the company’s stock in a transaction dated 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. In the last three months, insiders have purchased 1,427 shares of company stock worth $10,515,980. 0.61% of the stock is currently owned by company insiders.

Key Stories Impacting Spirax-Sarco Engineering

Here are the key news stories impacting Spirax-Sarco Engineering this week:

• Positive Sentiment: Stifel Nicolaus raised its price target on SPX from GBX 6,450 to GBX 7,250 (rating: Hold), a signal of improved analyst expectations that can support the share price. Digital Look
• Positive Sentiment: Insider buying: Nimesh Patel purchased 1,423 shares at GBX 7,370 (≈£104,875), which investors often view as a vote of confidence from management/insiders. InsiderTrades
• Neutral Sentiment: Berenberg Bank reaffirmed its Hold rating and maintains a GBX 7,350 price target — a steady signal but not a catalyst for large moves. Digital Look
• Neutral Sentiment: Shore Capital Group reiterated a Hold rating on SPX, keeping broker coverage broadly cautious/neutral. Digital Look
• Neutral Sentiment: Quarterly results: Spirax-Sarco reported GBX 296.30 EPS for the quarter with ROE ~13.9% and a net margin of 9.8%. Results provide fresh financials to judge execution, but without a clear beat/miss vs. consensus this is a mixed/neutral read. Earnings Transcript Slide Deck
• Negative Sentiment: Royal Bank of Canada raised its price target to GBX 6,800 but kept an Underperform rating — the continued bearish rating from a major broker can pressure sentiment despite the higher target. TickerReport

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.