Brokerages Set Spirax-Sarco Engineering plc (LON:SPX) PT at GBX 8,540

Spirax-Sarco Engineering plc (LON:SPX) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 8,540.

Several analysts have commented on SPX shares. Peel Hunt reissued a “buy” rating and issued a GBX 8,500 target price on shares of Spirax-Sarco Engineering in a research report on Thursday, November 13th. UBS Group raised shares of Spirax-Sarco Engineering to a “buy” rating and lifted their price objective for the company from GBX 7,500 to £105 in a research note on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft increased their target price on shares of 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 target on Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Finally, Shore Capital reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Thursday, November 13th.

Spirax-Sarco Engineering Trading Up 0.6%

Shares of LON SPX opened at GBX 6,800 on Tuesday. The business has a 50 day simple moving average of GBX 6,912.66 and a 200 day simple moving average of GBX 6,607.16. Spirax-Sarco Engineering has a 52 week low of GBX 5,380 and a 52 week high of GBX 8,245. The stock has a market cap of £5.01 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25.

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.