Spirax-Sarco Engineering (LON:SPX) Given Buy Rating at UBS Group

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “buy” rating restated by equities researchers at UBS Group in a research report issued to clients and investors on Monday,Digital Look reports. They presently have a £105 price target on the stock. UBS Group’s price target indicates a potential upside of 42.66% from the company’s previous close.

A number of other analysts have also recently weighed in on SPX. Shore Capital Group reaffirmed a “hold” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, March 10th. Royal Bank Of Canada raised their price objective on Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the company an “underperform” rating in a research note on Wednesday, March 11th. Stifel Nicolaus boosted their target price on Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the stock a “hold” rating in a report on Wednesday, March 11th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a research report on Wednesday, March 11th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 8,012.50.

Spirax-Sarco Engineering Stock Down 1.2%

Spirax-Sarco Engineering stock opened at GBX 7,360 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.73 and a debt-to-equity ratio of 83.78. Spirax-Sarco Engineering has a 1-year low of GBX 5,535 and a 1-year high of GBX 8,050. The firm’s fifty day simple moving average is GBX 7,161.24 and its 200-day simple moving average is GBX 7,102.70. The company has a market capitalization of £5.43 billion, a P/E ratio of 33.27, a P/E/G ratio of 2.20 and a beta of 1.15.

Spirax-Sarco Engineering (LON:SPX) last issued its quarterly earnings data on Tuesday, March 10th. The company reported GBX 296.30 earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a net margin of 9.60% and a return on equity of 13.86%. Sell-side analysts forecast that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current fiscal year.

Insider Transactions at Spirax-Sarco Engineering

In related news, insider Nimesh Patel sold 804 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of GBX 6,655, for a total transaction of £53,506.20. Also, insider Louisa Burdet sold 671 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of GBX 6,655, for a total value of £44,655.05. 0.61% of the stock is owned by corporate insiders.

Spirax-Sarco Engineering Company Profile

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.