Morgan Stanley reiterated their equal weight rating on shares of Spirax-Sarco Engineering (LON:SPX) in a report released on Monday, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 7,000 ($91.47) price target on the stock, up from their prior price target of GBX 6,710 ($87.68).
Other equities research analysts have also recently issued reports about the company. Peel Hunt reissued a hold rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 7th. Royal Bank of Canada reissued an underperform rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, October 9th. JPMorgan Chase & Co. reduced their price objective on Spirax-Sarco Engineering from GBX 8,400 ($109.76) to GBX 7,700 ($100.61) and set a neutral rating for the company in a research report on Tuesday, October 22nd. Jefferies Financial Group reissued a hold rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, July 24th. Finally, UBS Group reissued a neutral rating on shares of Spirax-Sarco Engineering in a research report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Spirax-Sarco Engineering presently has a consensus rating of Hold and an average price target of GBX 7,758.18 ($101.37).
SPX opened at GBX 8,350 ($109.11) on Monday. 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 current ratio of 2.20, a quick ratio of 1.43 and a debt-to-equity ratio of 77.00. The stock has a market capitalization of $6.20 billion and a price-to-earnings ratio of 27.89. The business has a 50 day moving average of GBX 7,807.30 and a 200-day moving average of GBX 8,301.42.
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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