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

Shares of Spirax-Sarco Engineering plc (LON:SPX) have been given an average recommendation of “Hold” by the nine research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 8,012.50.

SPX has been the topic of a number of recent analyst reports. 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. 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 research report on Wednesday, March 11th. UBS Group reaffirmed a “buy” rating and set a £105 target price on shares of Spirax-Sarco Engineering in a research report on Monday, May 11th. Shore Capital Group reaffirmed a “hold” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, March 10th. Finally, Royal Bank Of Canada boosted their target price on 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.

Insiders Place Their Bets

In other news, insider Nimesh Patel sold 804 shares of Spirax-Sarco Engineering stock in a transaction on 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 Spirax-Sarco Engineering stock in a transaction 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 insiders.

Spirax-Sarco Engineering Stock Down 1.5%

Shares of Spirax-Sarco Engineering stock opened at GBX 6,820 on Tuesday. The stock’s fifty day moving average is GBX 7,111.06 and its 200-day moving average is GBX 7,096.58. The firm has a market capitalization of £5.03 billion, a PE ratio of 30.83, a price-to-earnings-growth ratio of 2.20 and a beta of 1.13. The company has a quick ratio of 1.73, a current ratio of 1.85 and a debt-to-equity ratio of 83.78. Spirax-Sarco Engineering has a 12-month low of GBX 5,675 and a 12-month high of GBX 8,050.

Spirax-Sarco Engineering (LON:SPX) last announced its 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%. Equities analysts anticipate that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current year.

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.