JPMorgan Chase & Co. Lowers Spirax-Sarco Engineering (LON:SPX) Price Target to GBX 7,700

Spirax-Sarco Engineering (LON:SPX - Free Report) had its price objective decreased by JPMorgan Chase & Co. from GBX 7,800 ($100.83) to GBX 7,700 ($99.53) in a research report report published on Wednesday, Marketbeat.com reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Separately, Shore Capital restated a "sell" rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Spirax-Sarco Engineering currently has a consensus rating of "Hold" and an average price target of GBX 8,478 ($109.59).

Spirax-Sarco Engineering Stock Performance

SPX stock traded down GBX 145 ($1.87) during trading hours on Wednesday, reaching GBX 6,965 ($90.03). The stock had a trading volume of 237,640 shares, compared to its average volume of 1,474,385. The stock has a 50-day simple moving average of GBX 7,401.08 and a 200 day simple moving average of GBX 7,165.52. Spirax-Sarco Engineering has a fifty-two week low of GBX 6,350 ($82.08) and a fifty-two week high of £106.95 ($138.25). The stock has a market capitalization of £5.13 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73.

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Spirax-Sarco Engineering (LON:SPX - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported GBX 286.30 ($3.70) earnings per share for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. Analysts predict that Spirax-Sarco Engineering will post 334.5410628 EPS for the current fiscal 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.