Spirax-Sarco Engineering plc (LON:SPX) Receives £101.10 Average Price Target from Analysts

Shares of Spirax-Sarco Engineering plc (LON:SPX) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is £101.10 ($130.76).

Several brokerages have commented on SPX. Bank of America reiterated a “buy” rating on shares of Spirax-Sarco Engineering in a report on Thursday, April 11th. Shore Capital reaffirmed a “sell” rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, May 15th. Barclays reduced their price objective on Spirax-Sarco Engineering from £105.80 ($136.83) to GBX 9,960 ($128.82) and set an “equal weight” rating for the company in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group reduced their price target on shares of Spirax-Sarco Engineering from GBX 9,690 ($125.32) to GBX 9,580 ($123.90) and set a “hold” rating for the company in a research report on Friday, July 12th.

Spirax-Sarco Engineering Trading Down 2.0 %

Shares of LON:SPX opened at GBX 8,460 ($109.42) on Thursday. The stock has a market capitalization of £6.23 billion, a price-to-earnings ratio of 3,465.86, a PEG ratio of 2.63 and a beta of 0.71. Spirax-Sarco Engineering has a 1-year low of GBX 7,900 ($102.17) and a 1-year high of £112.80 ($145.89). The company has a 50 day moving average price of GBX 8,775.90 and a 200 day moving average price of GBX 9,482.85. The company has a debt-to-equity ratio of 97.01, a quick ratio of 1.73 and a current ratio of 2.26.

About Spirax-Sarco Engineering

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.