Spirax-Sarco Engineering plc (LON:SPX) Given Consensus Rating of "Hold" by Analysts

Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) has been given an average recommendation of "Hold" by the seven research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 8,107.50 ($103.60).

A number of brokerages recently issued reports on SPX. JPMorgan Chase & Co. dropped their target price on shares of Spirax-Sarco Engineering from GBX 7,800 ($99.67) to GBX 7,700 ($98.39) and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Shore Capital restated a "sell" rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, March 11th. Finally, Citigroup reaffirmed a "buy" rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, March 12th.

Insider Activity at Spirax-Sarco Engineering

In related news, insider Nimesh Patel sold 697 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of GBX 6,723 ($85.91), for a total value of £46,859.31 ($59,876.45). 0.73% of the stock is currently owned by insiders.

Spirax-Sarco Engineering Stock Up 4.2 %

LON SPX traded up GBX 235 ($3.00) during trading on Friday, reaching GBX 5,810 ($74.24). The company's stock had a trading volume of 1,104,946 shares, compared to its average volume of 1,187,623. The business has a 50-day moving average price of GBX 7,015.86 and a 200-day moving average price of GBX 7,005.67. Spirax-Sarco Engineering has a 1-year low of GBX 5,380 ($68.75) and a 1-year high of GBX 9,850 ($125.86). The stock has a market capitalization of £4.28 billion, a PE ratio of 22.28, a PEG ratio of 2.20 and a beta of 0.68. The company has a current ratio of 2.25, a quick ratio of 1.73 and a debt-to-equity ratio of 98.85.

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported GBX 286.30 ($3.66) earnings per share for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. On average, research analysts forecast that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current fiscal year.

Spirax-Sarco Engineering Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be issued a dividend of GBX 117.50 ($1.50) per share. This represents a dividend yield of 1.7%. This is an increase from Spirax-Sarco Engineering's previous dividend of $47.50. The ex-dividend date of this dividend is Thursday, April 24th. Spirax-Sarco Engineering's dividend payout ratio (DPR) is presently 62.13%.

Spirax-Sarco Engineering Company Profile

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.