Spirax-Sarco Engineering (LON:SPX)‘s stock had its “neutral” rating reissued by equities research analysts at UBS Group in a research report issued on Monday, ThisIsMoney.Co.Uk reports. They presently have a GBX 8,370 ($109.37) price target on the stock, down from their previous price target of GBX 9,000 ($117.60). UBS Group’s target price would indicate a potential upside of 6.62% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Morgan Stanley reaffirmed an “equal weight” rating on shares of Spirax-Sarco Engineering in a report on Thursday, July 11th. Berenberg Bank cut their price target on Spirax-Sarco Engineering from £105.10 ($137.33) to GBX 9,680 ($126.49) and set a “buy” rating for the company in a report on Thursday, August 15th. JPMorgan Chase & Co. raised their price target on Spirax-Sarco Engineering from GBX 7,700 ($100.61) to GBX 8,400 ($109.76) and gave the company a “neutral” rating in a report on Thursday, August 8th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Spirax-Sarco Engineering in a report on Wednesday, July 24th. Finally, Peel Hunt reaffirmed a “hold” rating on shares of Spirax-Sarco Engineering in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 7,520.91 ($98.27).
Shares of Spirax-Sarco Engineering stock opened at GBX 7,850 ($102.57) on Monday. The business has a fifty day simple moving average of GBX 8,590.50 and a two-hundred day simple moving average of GBX 7,987.40. 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 company has a market capitalization of $5.78 billion and a price-to-earnings ratio of 26.22. The company has a debt-to-equity ratio of 77.00, a current ratio of 2.20 and a quick ratio of 1.43.
In other news, insider Jamie Pike bought 1,250 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of GBX 8,090 ($105.71) per share, with a total value of £101,125 ($132,137.72).
About Spirax-Sarco Engineering
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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