Spirax-Sarco Engineering plc (LON:SPX) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Spirax-Sarco Engineering plc (LON:SPX) have been given an average rating of “Hold” by the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 8,245 ($107.74).

Several equities analysts have recently weighed in on the company. BNP Paribas lifted their price objective on Spirax-Sarco Engineering from GBX 5,700 ($74.48) to GBX 7,250 ($94.73) and gave the company an “underperform” rating in a report on Thursday, November 28th. JPMorgan Chase & Co. lowered their target price on Spirax-Sarco Engineering from GBX 8,400 ($109.76) to GBX 7,700 ($100.61) and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Peel Hunt upgraded shares of Spirax-Sarco Engineering to an “add” rating in a report on Wednesday, November 13th. Royal Bank of Canada reaffirmed an “underperform” rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, October 9th. Finally, Goldman Sachs Group reiterated a “sell” rating on shares of Spirax-Sarco Engineering in a report on Friday, October 11th.

LON:SPX traded up GBX 50 ($0.65) on Tuesday, reaching GBX 8,850 ($115.64). The company’s stock had a trading volume of 129,274 shares, compared to its average volume of 143,754. Spirax-Sarco Engineering has a 1-year low of GBX 5,875 ($76.77) and a 1-year high of GBX 9,440 ($123.35). The business’s 50-day moving average price is GBX 8,280.28 and its two-hundred day moving average price is GBX 8,352.50. The firm has a market cap of $6.52 billion and a PE ratio of 29.56. The company has a debt-to-equity ratio of 77.00, a quick ratio of 1.43 and a current ratio of 2.20.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions for users of industrial and commercial steam systems, electrical heating and temperature management systems, and process fluid paths and pumping systems. It offers condensate management products, such as steam traps, condensate return pumps, and isolation valves; controls, including automatic control valves, pressure regulators, and temperature controls; and thermal energy management products comprising metering products, boiler house products, heat transfer packages, and energy services.

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Analyst Recommendations for Spirax-Sarco Engineering (LON:SPX)

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