Spirax-Sarco Engineering plc (LON:SPX) Receives Average Recommendation of “Hold” from Analysts

Shares of Spirax-Sarco Engineering plc (LON:SPX – Get Free Report) have earned an average recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 8,012.50.

Separately, UBS Group reissued a “buy” rating and set a £105 price objective on shares of Spirax-Sarco Engineering in a report on Monday, May 11th.

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Spirax-Sarco Engineering Price Performance

Shares of SPX stock opened at GBX 6,850 on Wednesday. Spirax-Sarco Engineering has a 52 week low of GBX 5,950 and a 52 week high of GBX 8,050. The stock has a market capitalization of £5.06 billion, a PE ratio of 30.97, a PEG ratio of 2.20 and a beta of 1.15. The company has a debt-to-equity ratio of 83.78, a quick ratio of 1.73 and a current ratio of 1.85. The stock’s fifty day moving average is GBX 6,840.76 and its 200-day moving average is GBX 7,102.59.

Spirax-Sarco Engineering Company Profile

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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.

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