Analysts Set Spirax-Sarco Engineering plc (LON:SPX) Target Price at GBX 8,672.50

Spirax-Sarco Engineering plc (LON:SPX) has been assigned an average recommendation of “Reduce” from the seven brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 8,672.50 ($108.99).

SPX has been the topic of several research analyst reports. Berenberg Bank reiterated a “hold” rating and set a GBX 8,150 ($102.43) price target on shares of Spirax-Sarco Engineering in a research note on Wednesday, September 25th. Shore Capital reiterated a “sell” rating on shares of Spirax-Sarco Engineering in a research report on Friday, August 30th.

Spirax-Sarco Engineering Price Performance

Shares of SPX opened at GBX 6,950 ($87.34) on Friday. The company has a debt-to-equity ratio of 98.81, a current ratio of 2.26 and a quick ratio of 1.73. The company’s fifty day moving average price is GBX 6,848.72 and its 200-day moving average price is GBX 7,711.28. Spirax-Sarco Engineering has a 1-year low of GBX 6,350 ($79.80) and a 1-year high of £112.80 ($141.76). The firm has a market capitalization of £5.12 billion, a PE ratio of 2,673.08, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68.

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.