JPMorgan Chase & Co. Issues Positive Forecast for Spirax-Sarco Engineering (LON:SPX) Stock Price

Spirax-Sarco Engineering (LON:SPX) had its target price hoisted by equities researchers at JPMorgan Chase & Co. from GBX 7,400 to GBX 7,500 in a research note issued to investors on Tuesday,London Stock Exchange reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 6.39% from the stock’s previous close.

SPX has been the subject of several other reports. UBS Group raised shares of Spirax-Sarco Engineering to a “buy” rating and boosted their price objective for the company from GBX 7,500 to £105 in a research note on Tuesday, October 28th. Shore Capital reaffirmed an “under review” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, August 12th. Finally, Citigroup upped their price target on shares of Spirax-Sarco Engineering from GBX 8,000 to GBX 8,400 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 8,800.

Spirax-Sarco Engineering Trading Down 1.1%

SPX stock traded down GBX 80.33 during midday trading on Tuesday, hitting GBX 7,049.67. The stock had a trading volume of 158,515 shares, compared to its average volume of 633,285. The firm has a market cap of £5.20 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73. Spirax-Sarco Engineering has a 12-month low of GBX 5,380 and a 12-month high of GBX 8,245. The company’s 50-day moving average price is GBX 7,022.60 and its 200 day moving average price is GBX 6,447.60.

Spirax-Sarco Engineering (LON:SPX) last released its earnings results on Tuesday, August 12th. The company reported GBX 137.60 EPS for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. On average, equities research analysts predict that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current fiscal 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.