Spirax-Sarco Engineering (LON:SPX) Receives “Hold” Rating from Berenberg Bank

Spirax-Sarco Engineering (LON:SPX – Get Free Report)‘s stock had its “hold” rating reissued by research analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 7,350 target price on the stock. Berenberg Bank’s price target points to a potential upside of 1.59% from the stock’s current price.

Separately, UBS Group reaffirmed a “buy” rating and set a £105 target price on shares of Spirax-Sarco Engineering in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Spirax-Sarco Engineering has a consensus rating of “Hold” and a consensus price target of GBX 8,112.50.

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Spirax-Sarco Engineering Price Performance

LON SPX opened at GBX 7,235 on Wednesday. The stock has a market capitalization of £5.34 billion, a P/E ratio of 32.71, a P/E/G ratio of 2.20 and a beta of 1.14. Spirax-Sarco Engineering has a 1 year low of GBX 5,950 and a 1 year high of GBX 8,050. The business’s fifty day moving average is GBX 6,901.37 and its two-hundred day moving average is GBX 7,115.80. The company has a debt-to-equity ratio of 83.78, a quick ratio of 1.73 and a current ratio of 1.85.

Spirax-Sarco Engineering (LON:SPX – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported GBX 150 EPS for the quarter. Spirax-Sarco Engineering had a return on equity of 13.86% and a net margin of 9.60%. On average, research analysts forecast that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current fiscal year.

About Spirax-Sarco Engineering

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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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