Peel Hunt Increases Spirax-Sarco Engineering (SPX) Price Target to GBX 8,450
Spirax-Sarco Engineering (LON:SPX) had its price objective increased by Peel Hunt from GBX 7,100 ($92.77) to GBX 8,450 ($110.41) in a report issued on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage currently has an add rating on the stock.
SPX has been the topic of several other research reports. BNP Paribas lowered Spirax-Sarco Engineering to an underperform rating and cut their price target for the company from GBX 6,300 ($82.32) to GBX 5,700 ($74.48) in a research note on Friday, January 25th. Deutsche Bank lowered Spirax-Sarco Engineering to a hold rating in a research note on Monday, April 15th. UBS Group reaffirmed a neutral rating on shares of Spirax-Sarco Engineering in a research note on Friday, March 8th. Finally, HSBC upped their price target on Spirax-Sarco Engineering from GBX 6,300 ($82.32) to GBX 6,800 ($88.85) and gave the company a hold rating in a research note on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 6,687.92 ($87.39).
Shares of SPX traded up GBX 175 ($2.29) during trading hours on Wednesday, hitting GBX 8,700 ($113.68). 544,715 shares of the stock traded hands, compared to its average volume of 143,754. The company has a quick ratio of 1.80, a current ratio of 2.49 and a debt-to-equity ratio of 55.14. Spirax-Sarco Engineering has a 1-year low of GBX 5,875 ($76.77) and a 1-year high of GBX 8,400 ($109.76). The firm has a market capitalization of $6.28 billion and a PE ratio of 28.81.
Spirax-Sarco Engineering Company Profile
Spirax-Sarco Engineering plc provides engineered solutions for users of industrial and commercial steam systems, electrical heating and temperature management systems, and process fluid paths and pumping systems. It offers condensate management products, such as steam traps, condensate return pumps, and isolation valves; controls, including automatic control valves, pressure regulators, and temperature controls; and thermal energy management products comprising metering products, boiler house products, heat transfer packages, and energy services.
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