Spirax-Sarco Engineering plc (LON:SPX) Given Consensus Rating of “Hold” by Analysts

Shares of Spirax-Sarco Engineering plc (LON:SPX) have been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 8,012.50.

A number of equities analysts recently issued reports on the stock. Berenberg Bank reissued a “hold” rating and issued a GBX 7,350 price objective on shares of Spirax-Sarco Engineering in a report on Wednesday, March 11th. Royal Bank Of Canada increased their price target on shares of Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the stock an “underperform” rating in a research report on Wednesday, March 11th. JPMorgan Chase & Co. lifted their price target on shares of Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Stifel Nicolaus boosted 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, March 11th. Finally, Shore Capital Group restated a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, March 10th.

Insider Activity

In other news, insider Louisa Burdet sold 671 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of GBX 6,655, for a total value of £44,655.05. Also, insider Nimesh Patel sold 804 shares of Spirax-Sarco Engineering stock in a transaction dated Monday, March 16th. The shares were sold at an average price of GBX 6,655, for a total value of £53,506.20. Insiders have acquired 1,427 shares of company stock valued at $10,515,980 in the last three months. 0.61% of the stock is currently owned by corporate insiders.

Spirax-Sarco Engineering Stock Down 0.4%

SPX stock opened at GBX 6,695 on Thursday. The company has a market cap of £4.95 billion, a price-to-earnings ratio of 30.42, a P/E/G ratio of 2.20 and a beta of 1.13. The company has a debt-to-equity ratio of 83.78, a quick ratio of 1.73 and a current ratio of 1.85. The business’s 50-day moving average is GBX 7,321.79 and its two-hundred day moving average is GBX 7,056.49. Spirax-Sarco Engineering has a fifty-two week low of GBX 5,380 and a fifty-two week high of GBX 8,050.

Spirax-Sarco Engineering (LON:SPX) last released its quarterly earnings results on Tuesday, March 10th. The company reported GBX 296.30 earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a return on equity of 13.86% and a net margin of 9.60%. As a group, analysts forecast that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current 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. It creates more distinction between the Group and its Spirax Sarco trading Division (part of Steam Thermal Solutions), providing improved clarity for all stakeholders.