Spirax-Sarco Engineering (LON:SPX) Price Target Raised to GBX 8,400 at Citigroup

Spirax-Sarco Engineering (LON:SPX) had its target price raised by Citigroup from GBX 8,000 ($108.43) to GBX 8,400 ($113.85) in a report published on Wednesday, MarketBeat reports. Citigroup currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Shore Capital reissued an “under review” rating on shares of Spirax-Sarco Engineering in a report on Tuesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 7,400 ($100.30) price objective on shares of Spirax-Sarco Engineering in a research note on Wednesday, July 2nd.

Spirax-Sarco Engineering Stock Up 0.1%

Shares of LON SPX opened at GBX 7,070 ($95.83) on Wednesday. The firm has a 50-day simple moving average of GBX 6,150.01 and a two-hundred day simple moving average of GBX 6,423.67. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73. Spirax-Sarco Engineering has a 1 year low of GBX 5,380 ($72.92) and a 1 year high of GBX 8,245 ($111.75). The company has a market cap of £5.21 billion, a P/E ratio of 27.12, a PEG ratio of 2.20 and a beta of 0.68.

Spirax-Sarco Engineering (LON:SPX) last issued its quarterly earnings data on Tuesday, August 12th. The company reported GBX 137.60 ($1.87) earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. Research analysts anticipate that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current year.

About Spirax-Sarco Engineering

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.