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

Spirax-Sarco Engineering plc (LON:SPX) has been given a consensus recommendation of “Hold” by the thirteen analysts that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 8,199.50 ($104.36).

Several equities analysts recently weighed in on SPX shares. Jefferies Financial Group raised their price target on shares of Spirax-Sarco Engineering from GBX 7,310 ($93.04) to GBX 7,535 ($95.90) and gave the company an “underperform” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. dropped their price target on shares of Spirax-Sarco Engineering from GBX 7,700 ($98.00) to GBX 6,900 ($87.82) and set a “neutral” rating on the stock in a research report on Wednesday, March 25th. Berenberg Bank reaffirmed a “hold” rating on shares of Spirax-Sarco Engineering in a research report on Friday, May 15th. Peel Hunt raised their price target on shares of Spirax-Sarco Engineering from GBX 8,500 ($108.18) to £100 ($127.28) and gave the company a “hold” rating in a research report on Thursday, June 11th. Finally, Royal Bank of Canada raised their price target on shares of Spirax-Sarco Engineering from GBX 7,000 ($89.09) to GBX 8,000 ($101.82) and gave the company an “underperform” rating in a research report on Tuesday.

Shares of SPX remained flat at $£100.20 ($127.53) during trading hours on Friday. The stock had a trading volume of 190,294 shares, compared to its average volume of 143,754. The company has a quick ratio of 1.76, a current ratio of 2.55 and a debt-to-equity ratio of 60.83. The business’s fifty day moving average is GBX 9,696.48 and its 200 day moving average is GBX 8,998.86. The firm has a market cap of $7.36 billion and a price-to-earnings ratio of 44.43. Spirax-Sarco Engineering has a 12 month low of GBX 7,220 ($91.89) and a 12 month high of £102.10 ($129.95).

About Spirax-Sarco Engineering

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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