Spirax-Sarco Engineering's (SPX) "Buy" Rating Reaffirmed at Citigroup

Spirax-Sarco Engineering (LON:SPX - Get Free Report)'s stock had its "buy" rating reissued by Citigroup in a report issued on Wednesday, Marketbeat reports.

Other research analysts have also recently issued reports about the company. Shore Capital reissued a "sell" rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, March 11th. JPMorgan Chase & Co. decreased their target price on Spirax-Sarco Engineering from GBX 7,800 ($100.83) to GBX 7,700 ($99.53) and set a "neutral" rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of GBX 8,478 ($109.59).

Spirax-Sarco Engineering Trading Down 2.0 %

Shares of Spirax-Sarco Engineering stock traded down GBX 145 ($1.87) during trading on Wednesday, reaching GBX 6,965 ($90.03). 237,640 shares of the company were exchanged, compared to its average volume of 1,474,385. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85. Spirax-Sarco Engineering has a twelve month low of GBX 6,350 ($82.08) and a twelve month high of £106.95 ($138.25). The business has a 50-day moving average price of GBX 7,401.08 and a 200-day moving average price of GBX 7,165.52. The firm has a market capitalization of £5.13 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 2.20 and a beta of 0.68.

Remove Ads

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported GBX 286.30 ($3.70) EPS for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. Sell-side analysts anticipate 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.