Spirax-Sarco Engineering’s (SPX) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 7,500 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 3.81% from the company’s current price.

Other research analysts have also issued reports about the company. Berenberg Bank reissued a “hold” rating and set a GBX 7,350 price target on shares of Spirax-Sarco Engineering in a research report on Wednesday. UBS Group restated a “buy” rating and set a £105 price objective on shares of Spirax-Sarco Engineering in a research report on Monday, May 11th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 8,740 target price on shares of Spirax-Sarco Engineering in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the company a “neutral” rating in a report on Wednesday. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 8,182.22.

Spirax-Sarco Engineering Stock Performance

LON SPX opened at GBX 7,225 on Wednesday. Spirax-Sarco Engineering has a twelve month low of GBX 5,950 and a twelve month high of GBX 8,050. 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 stock has a market cap of £5.33 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 2.20 and a beta of 1.14. The firm’s 50 day moving average price is GBX 6,901.37 and its two-hundred day moving average price is GBX 7,115.80.

Spirax-Sarco Engineering (LON:SPX) last released its earnings results on Tuesday, August 11th. The company reported GBX 150 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 EPS for the current 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.