Spirax-Sarco Engineering plc (LON:SPX) Receives Average Recommendation of "Reduce" from Brokerages

Shares of Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) have been given a consensus rating of "Reduce" by the six research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 8,672.50 ($111.66).

Separately, Shore Capital restated a "sell" rating on shares of Spirax-Sarco Engineering in a research note on Tuesday.

Spirax-Sarco Engineering Stock Down 4.3 %

LON:SPX traded down GBX 300 ($3.86) on Tuesday, reaching GBX 6,725 ($86.58). The stock had a trading volume of 29,733,246 shares, compared to its average volume of 2,150,974. The company has a 50-day moving average of GBX 7,381.58 and a 200 day moving average of GBX 7,187.14. The company has a current ratio of 2.25, a quick ratio of 1.73 and a debt-to-equity ratio of 98.85. The stock has a market cap of £4.95 billion, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. Spirax-Sarco Engineering has a 12-month low of GBX 6,350 ($81.76) and a 12-month high of £107.90 ($138.92).

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported GBX 286.30 ($3.69) earnings per share for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. On average, research analysts predict that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current year.

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.

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