Spirax-Sarco Engineering’s (SPX) “Hold” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Spirax-Sarco Engineering (LON:SPX) in a research report released on Wednesday, MarketBeat reports. Berenberg Bank currently has a GBX 7,350 price target on the stock.

Several other research firms have also recently weighed in on SPX. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the company a “hold” rating in a report on Thursday, November 13th. JPMorgan Chase & Co. upped their price objective on 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. Shore Capital Group reaffirmed a “hold” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday. Stifel Nicolaus boosted their target price on shares of Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the company a “hold” rating in a research report on Wednesday. Finally, Royal Bank Of Canada lifted their price target on shares of Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the stock an “underperform” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Spirax-Sarco Engineering presently has an average rating of “Hold” and a consensus price target of GBX 8,012.50.

Spirax-Sarco Engineering Stock Performance

Shares of SPX stock opened at GBX 7,120 on Wednesday. Spirax-Sarco Engineering has a one year low of GBX 5,380 and a one year high of GBX 8,050. The company has a market capitalization of £5.26 billion, a price-to-earnings ratio of 32.35, a price-to-earnings-growth ratio of 2.20 and a beta of 1.13. The company’s 50-day moving average is GBX 7,378.30 and its 200 day moving average is GBX 7,091.59. 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 (LON:SPX) last released its quarterly earnings data on Tuesday, March 10th. The company reported GBX 296.30 earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a return on equity of 13.88% and a net margin of 9.80%. Sell-side analysts expect that Spirax-Sarco Engineering will post 334.5410628 EPS for the current fiscal year.

Insider Buying and Selling at Spirax-Sarco Engineering

In other news, insider Nimesh Patel bought 1,423 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average price of GBX 7,370 per share, for a total transaction of £104,875.10. In the last 90 days, insiders have acquired 1,427 shares of company stock worth $10,515,980. 0.61% of the stock is currently owned by insiders.

Spirax-Sarco Engineering News Summary

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.