Brokerages Set Spirax-Sarco Engineering plc (LON:SPX) Target Price at GBX 8,012.50

Spirax-Sarco Engineering plc (LON:SPX) has received an average recommendation of “Hold” from the nine analysts that are currently covering the stock, Marketbeat.com reports. One 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 price objective among analysts that have covered the stock in the last year is GBX 8,012.50.

Separately, UBS Group reissued a “buy” rating and issued a £105 target price on shares of Spirax-Sarco Engineering in a report on Monday, May 11th.

Spirax-Sarco Engineering Stock Up 1.7%

SPX opened at GBX 7,080 on Wednesday. Spirax-Sarco Engineering has a 52 week low of GBX 5,950 and a 52 week high of GBX 8,050. The business has a 50 day moving average price of GBX 6,840.68 and a two-hundred day moving average price of GBX 7,103.73. The company has a quick ratio of 1.73, a current ratio of 1.85 and a debt-to-equity ratio of 83.78. The company has a market cap of £5.22 billion, a PE ratio of 32.01, a P/E/G ratio of 2.20 and a beta of 1.15.

About Spirax-Sarco Engineering

Spirax Group is positioned to play a critical role in enabling the industrial transition to net zero, aligned to our Purpose to create sustainable value for all our stakeholders as we engineer a more efficient, safer and sustainable world. We put solving customers’ problems at the heart of our total solutions approach. Our global thermal energy and fluid technology solutions improve operating efficiency and safety in our customers’ critical industrial processes. Our new-to-world decarbonisation* solutions will use our proprietary technologies to electrify boilers for the raising of steam, as well as the electrification of other critical industrial process heating applications.