Spirax-Sarco Engineering (LON:SPX) Given New GBX 8,600 Price Target at JPMorgan Chase & Co.

Spirax-Sarco Engineering (LON:SPX) had its target price boosted by stock analysts at JPMorgan Chase & Co. from GBX 7,800 to GBX 8,600 in a research report issued on Wednesday,Digital Look reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 18.87% from the stock’s current price.

A number of other research firms have also weighed in on SPX. UBS Group restated a “buy” rating and set a £105 target price on shares of Spirax-Sarco Engineering in a report on Monday, May 11th. Berenberg Bank reiterated a “hold” rating and issued a GBX 7,350 price target on shares of Spirax-Sarco Engineering in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 8,112.50.

Spirax-Sarco Engineering Trading Up 0.1%

LON:SPX opened at GBX 7,235 on Wednesday. The firm has a 50-day simple moving average of GBX 6,901.37 and a 200-day simple moving average of GBX 7,115.80. Spirax-Sarco Engineering has a one year low of GBX 5,950 and a one year high of GBX 8,050. The firm has a market cap of £5.34 billion, a P/E ratio of 32.71, a P/E/G ratio of 2.20 and a beta of 1.14. The company has a debt-to-equity ratio of 83.78, a quick ratio of 1.73 and a current ratio of 1.85.

Spirax-Sarco Engineering (LON:SPX) last released its quarterly earnings data on Tuesday, August 11th. The company reported GBX 150 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%. Equities analysts anticipate that Spirax-Sarco Engineering will post 334.5410628 EPS for the current fiscal year.

About Spirax-Sarco Engineering

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.