Spirax-Sarco Engineering plc (LON:SPX) Given Consensus Rating of “Hold” by Brokerages

Shares of Spirax-Sarco Engineering plc (LON:SPX) have been given a consensus recommendation of “Hold” by the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 8,067.14 ($105.41).

SPX has been the subject of a number of recent analyst reports. Peel Hunt raised shares of Spirax-Sarco Engineering to an “add” rating in a report on Wednesday, November 13th. Royal Bank of Canada reissued an “underperform” rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, October 9th. Bank of America lowered their price objective on shares of Spirax-Sarco Engineering from £105 ($137.20) to GBX 9,500 ($124.13) and set a “buy” rating for the company in a research report on Thursday, October 10th. JPMorgan Chase & Co. cut their target price 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 note on Tuesday, October 22nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a GBX 7,000 ($91.47) target price (up previously from GBX 6,710 ($87.68)) on shares of Spirax-Sarco Engineering in a report on Monday, November 11th.

SPX stock traded down GBX 25 ($0.33) during mid-day trading on Tuesday, hitting GBX 8,860 ($115.77). The stock had a trading volume of 158,756 shares, compared to its average volume of 143,754. The firm has a fifty day simple moving average of GBX 8,174.58 and a 200 day simple moving average of GBX 8,348.77. The firm has a market capitalization of $6.53 billion and a P/E ratio of 29.59. The company has a current ratio of 2.20, a quick ratio of 1.43 and a debt-to-equity ratio of 77.00. Spirax-Sarco Engineering has a 52 week low of GBX 5,875 ($76.77) and a 52 week high of GBX 9,440 ($123.35).

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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