Spirax-Sarco Engineering plc (LON:SPX) Receives Average Recommendation of “Hold” from Analysts

Shares of Spirax-Sarco Engineering plc (LON:SPX) have been given an average rating of “Hold” by the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 8,012.50.

SPX has been the subject of several recent analyst reports. Royal Bank Of Canada raised their target price on Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the stock an “underperform” rating in a research note on Wednesday, March 11th. Stifel Nicolaus increased their price target on Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the stock a “hold” rating in a report on Wednesday, March 11th. Shore Capital Group reissued a “hold” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, March 10th. Berenberg Bank restated a “hold” rating and issued a GBX 7,350 price objective on shares of Spirax-Sarco Engineering in a report on Wednesday, March 11th. Finally, JPMorgan Chase & Co. upped their target price 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.

Insider Buying and Selling

In other news, insider Nimesh Patel sold 804 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of GBX 6,655, for a total value of £53,506.20. Also, insider Louisa Burdet sold 671 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of GBX 6,655, for a total transaction of £44,655.05. Insiders bought a total of 1,427 shares of company stock worth $10,515,980 over the last three months. Insiders own 0.61% of the company’s stock.

Spirax-Sarco Engineering Stock Performance

LON:SPX opened at GBX 6,785 on Thursday. The company’s 50-day moving average is GBX 7,368.70 and its two-hundred day moving average is GBX 7,075.82. 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 83.78, a current ratio of 1.85 and a quick ratio of 1.73. The firm has a market capitalization of £5.01 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 2.20 and a beta of 1.13.

Spirax-Sarco Engineering (LON:SPX) last released its quarterly earnings results on Tuesday, March 10th. The company reported GBX 296.30 EPS for the quarter. Spirax-Sarco Engineering had a net margin of 9.60% and a return on equity of 13.86%. Analysts forecast that Spirax-Sarco Engineering will post 334.5410628 EPS for the current year.

Spirax-Sarco Engineering Company Profile

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.