Spirax-Sarco Engineering plc (LON:SPX) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Spirax-Sarco Engineering plc (LON:SPX) have been given an average recommendation of “Reduce” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 8,672.50 ($111.66).

Separately, Shore Capital reissued a “sell” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday.

Spirax-Sarco Engineering Stock Performance

LON SPX traded down GBX 300 ($3.86) on Tuesday, hitting GBX 6,725 ($86.58). The stock had a trading volume of 29,733,246 shares, compared to its average volume of 2,150,974. The company’s 50-day moving average is GBX 7,381.58 and its two-hundred day moving average is GBX 7,187.14. Spirax-Sarco Engineering has a one year low of GBX 6,350 ($81.76) and a one year high of £107.90 ($138.92). The stock has a market cap of £4.95 billion, a price-to-earnings ratio of 25.79, a P/E/G ratio of 2.20 and a beta of 0.68. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85.

Spirax-Sarco Engineering (LON:SPX) last issued its quarterly earnings data on Tuesday, March 11th. The company reported GBX 286.30 ($3.69) earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. On average, analysts expect that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current year.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering rebrands as Spirax Group

On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.

Our new name respects our history and where we have come from, with who we are today.