Analysts Set Spirax-Sarco Engineering plc (LON:SPX) Target Price at £101.50

Shares of Spirax-Sarco Engineering plc (LON:SPX) have earned an average recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is £101.50 ($128.76).

Several equities analysts have recently issued reports on SPX shares. Barclays decreased their price target on Spirax-Sarco Engineering from £105.80 ($134.21) to GBX 9,960 ($126.35) and set an “equal weight” rating on the stock in a research note on Tuesday, April 9th. Berenberg Bank lifted their target price on Spirax-Sarco Engineering from GBX 8,800 ($111.63) to GBX 9,800 ($124.32) and gave the stock a “hold” rating in a report on Friday, March 8th. Numis Securities reissued a “sell” rating on shares of Spirax-Sarco Engineering in a research note on Thursday, March 7th. Shore Capital reissued a “sell” rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, May 15th. Finally, Bank of America reaffirmed a “buy” rating on shares of Spirax-Sarco Engineering in a research report on Thursday, April 11th.

Spirax-Sarco Engineering Trading Down 0.6 %

Shares of SPX opened at GBX 8,565 ($108.65) on Friday. Spirax-Sarco Engineering has a 52-week low of GBX 7,900 ($100.22) and a 52-week high of £112.80 ($143.09). The business’s fifty day moving average is GBX 8,942.54 and its 200-day moving average is GBX 9,688.87. The company has a debt-to-equity ratio of 97.01, a quick ratio of 1.73 and a current ratio of 2.26. The firm has a market cap of £6.31 billion, a price-to-earnings ratio of 3,439.76, a PEG ratio of 2.63 and a beta of 0.71.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.