Spirax-Sarco Engineering (LON:SPX) Rating Reiterated by UBS Group

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “neutral” rating reiterated by research analysts at UBS Group in a research note issued on Thursday, Stock Target Advisor reports. They presently have a GBX 9,200 ($121.02) price objective on the stock, up from their prior price objective of GBX 8,370 ($110.10). UBS Group’s target price indicates a potential downside of 0.81% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Barclays began coverage on shares of Spirax-Sarco Engineering in a research report on Monday, January 20th. They set an “equal weight” rating and a GBX 8,300 ($109.18) price objective for the company. Goldman Sachs Group boosted their price target on shares of Spirax-Sarco Engineering from GBX 7,200 ($94.71) to GBX 7,400 ($97.34) and gave the company a “sell” rating in a research report on Monday, January 13th. Shore Capital reissued a “buy” rating and issued a £104 ($136.81) price target on shares of Spirax-Sarco Engineering in a research report on Tuesday, December 10th. Royal Bank of Canada reissued an “underperform” rating on shares of Spirax-Sarco Engineering in a research report on Friday, January 17th. Finally, BNP Paribas boosted their price target on shares of Spirax-Sarco Engineering from GBX 5,700 ($74.98) to GBX 7,250 ($95.37) and gave the company an “underperform” rating in a research report on Thursday, November 28th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 8,379.23 ($110.22).

Spirax-Sarco Engineering stock opened at GBX 9,275 ($122.01) on Thursday. The stock has a market cap of $6.83 billion and a P/E ratio of 30.98. The company has a fifty day simple moving average of GBX 9,074.50 and a 200-day simple moving average of GBX 8,420.25. Spirax-Sarco Engineering has a 12-month low of GBX 6,605 ($86.89) and a 12-month high of GBX 9,535 ($125.43). The company has a current ratio of 2.20, a quick ratio of 1.43 and a debt-to-equity ratio of 77.00.

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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