Spirax-Sarco Engineering (LON:SPX) Given New GBX 7,400 Price Target at Goldman Sachs Group

Spirax-Sarco Engineering (LON:SPX) had its price objective hoisted by Goldman Sachs Group from GBX 7,200 ($94.71) to GBX 7,400 ($97.34) in a research note released on Monday morning, Stock Target Advisor reports. Goldman Sachs Group currently has a sell rating on the stock.

A number of other equities research analysts have also recently commented on SPX. Peel Hunt upgraded shares of Spirax-Sarco Engineering to an add rating in a report on Wednesday, November 13th. Morgan Stanley restated an equal weight rating on shares of Spirax-Sarco Engineering in a report on Thursday, December 5th. Royal Bank of Canada restated an underperform rating on shares of Spirax-Sarco Engineering in a report on Wednesday, October 9th. Bank of America reduced their price target on shares of Spirax-Sarco Engineering from £105 ($138.12) to GBX 9,500 ($124.97) and set a buy rating for the company in a report on Thursday, October 10th. Finally, UBS Group restated a neutral rating on shares of Spirax-Sarco Engineering in a report on Tuesday, December 10th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 8,280.91 ($108.93).

LON:SPX opened at GBX 9,170 ($120.63) on Monday. The company has a current ratio of 2.20, a quick ratio of 1.43 and a debt-to-equity ratio of 77.00. The stock has a market capitalization of $6.70 billion and a price-to-earnings ratio of 30.63. The firm has a fifty day simple moving average of GBX 8,933 and a two-hundred day simple moving average of GBX 8,390.59. Spirax-Sarco Engineering has a 12 month low of GBX 6,165 ($81.10) and a 12 month high of GBX 9,440 ($124.18).

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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