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

Shares of Spirax-Sarco Engineering plc (LON:SPX) have received a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 8,012.50.

Several research analysts have recently issued reports on SPX shares. Berenberg Bank reaffirmed a “hold” rating and set a GBX 7,350 price objective on shares of Spirax-Sarco Engineering in a research report on Wednesday, March 11th. Royal Bank Of Canada raised 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. UBS Group reaffirmed a “buy” rating and issued a £105 price target on shares of Spirax-Sarco Engineering in a report on Monday, May 11th. Shore Capital Group reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, March 10th. Finally, Stifel Nicolaus raised their price objective on shares of 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.

Spirax-Sarco Engineering Stock Down 1.3%

Spirax-Sarco Engineering stock opened at GBX 6,695 on Friday. Spirax-Sarco Engineering has a 1-year low of GBX 5,950 and a 1-year high of GBX 8,050. The company has a debt-to-equity ratio of 83.78, a current ratio of 1.85 and a quick ratio of 1.73. The stock has a market cap of £4.94 billion, a PE ratio of 30.27, a P/E/G ratio of 2.20 and a beta of 1.13. The stock’s fifty day moving average is GBX 7,034.38 and its two-hundred day moving average is GBX 7,112.58.

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.