Royal Bank Of Canada Issues Positive Forecast for Spirax-Sarco Engineering (LON:SPX) Stock Price

Spirax-Sarco Engineering (LON:SPX) had its price target raised by Royal Bank Of Canada from GBX 6,000 to GBX 6,800 in a research note published on Wednesday, MarketBeat.com reports. Royal Bank Of Canada currently has an underperform rating on the stock.

Several other equities research analysts also recently issued reports on SPX. Deutsche Bank Aktiengesellschaft increased their target price on Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the stock a “hold” rating in a research report on Thursday, November 13th. JPMorgan Chase & Co. boosted 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 note on Thursday, December 4th. Shore Capital Group restated a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday. Peel Hunt reissued a “buy” rating and issued a GBX 8,500 price target on shares of Spirax-Sarco Engineering in a report on Thursday, November 13th. Finally, Stifel Nicolaus raised their price objective 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. 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 8,012.50.

Spirax-Sarco Engineering Price Performance

SPX opened at GBX 7,120 on Wednesday. The company has a market capitalization of £5.26 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 2.20 and a beta of 1.13. The company has a quick ratio of 1.73, a current ratio of 1.77 and a debt-to-equity ratio of 92.52. The firm has a 50-day moving average price of GBX 7,378.30 and a 200-day moving average price of GBX 7,091.59. Spirax-Sarco Engineering has a twelve month low of GBX 5,380 and a twelve month high of GBX 8,050.

Spirax-Sarco Engineering (LON:SPX) last announced 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 9.80% and a return on equity of 13.88%. Equities analysts expect that Spirax-Sarco Engineering will post 334.5410628 EPS for the current year.

Insider Activity

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

Spirax-Sarco Engineering News Roundup

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

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.