Spirax-Sarco Engineering’s (SPX) “Buy” Rating Reiterated at Jefferies Financial Group

by · The Markets Daily

Jefferies Financial Group reiterated their buy rating on shares of Spirax-Sarco Engineering (LON:SPX – Free Report) in a research report report published on Wednesday morning, MarketBeat reports. Jefferies Financial Group currently has a GBX 8,740 price target on the stock.

Several other research analysts have also issued reports on the company. Berenberg Bank restated a “hold” rating and issued a GBX 7,350 price target on shares of Spirax-Sarco Engineering in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the company a “neutral” rating in a research note on Wednesday. Finally, UBS Group restated a “buy” rating and set a £105 target price on shares of Spirax-Sarco Engineering in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Spirax-Sarco Engineering currently has a consensus rating of “Hold” and an average target price of GBX 8,155.

View Our Latest Stock Analysis on Spirax-Sarco Engineering

Spirax-Sarco Engineering Trading Down 0.7%

SPX opened at GBX 7,082.37 on Wednesday. The firm has a 50 day simple moving average of GBX 6,918.55 and a 200 day simple moving average of GBX 7,114.92. Spirax-Sarco Engineering has a fifty-two week low of GBX 5,950 and a fifty-two week high of GBX 8,050. The company has a market cap of £5.23 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14. The company has a debt-to-equity ratio of 86.79, a current ratio of 2.14 and a quick ratio of 1.73.

Spirax-Sarco Engineering (LON:SPX – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported GBX 150 earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a net margin of 11.36% and a return on equity of 16.03%. On average, sell-side analysts anticipate that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current year.

About Spirax-Sarco Engineering

(Get Free Report)

Spirax Group is positioned to play a critical role in enabling the industrial transition to net zero, aligned to our Purpose to create sustainable value for all our stakeholders as we engineer a more efficient, safer and sustainable world. We put solving customers’ problems at the heart of our total solutions approach. Our global thermal energy and fluid technology solutions improve operating efficiency and safety in our customers’ critical industrial processes. Our new-to-world decarbonisation* solutions will use our proprietary technologies to electrify boilers for the raising of steam, as well as the electrification of other critical industrial process heating applications.

Further Reading