Spirax-Sarco Engineering plc (LON:SPX) Receives GBX 7,224 Consensus Target Price from Brokerages

Shares of Spirax-Sarco Engineering plc (LON:SPX) have received an average rating of “Hold” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 7,193.33 ($93.99).

Several research analysts recently commented on the company. Peel Hunt reiterated a “buy” rating on shares of Costain Group in a research note on Friday, June 28th. Berenberg Bank set a €54.00 ($62.79) price target on 1&1 Drillisch and gave the stock a “buy” rating in a research note on Thursday, May 16th. Deutsche Bank cut their price target on Broadcom from $330.00 to $315.00 and set a “buy” rating on the stock in a research note on Friday, June 14th. UBS Group upgraded to a “neutral” rating and boosted their price target for the stock from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a research note on Thursday, June 20th. Finally, Goldman Sachs Group cut EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research note on Wednesday.

Shares of SPX traded down GBX 15 ($0.20) during midday trading on Friday, reaching GBX 8,695 ($113.62). 344,707 shares of the company were exchanged, compared to its average volume of 143,754. The company’s 50-day moving average is GBX 8,850.70. The stock has a market capitalization of $6.41 billion and a P/E ratio of 28.79. 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 debt-to-equity ratio of 55.14, a quick ratio of 1.80 and a current ratio of 2.49.

Spirax-Sarco Engineering Company Profile

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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Analyst Recommendations for Spirax-Sarco Engineering (LON:SPX)

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