Spirax-Sarco Engineering plc (LON:SPX) Given Average Rating of “Reduce” by Brokerages

Shares of Spirax-Sarco Engineering plc (LON:SPX) have been given a consensus rating of “Reduce” by the seven analysts that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 8,672.50 ($109.21).

Several equities analysts have issued reports on SPX shares. Berenberg Bank restated a “hold” rating and issued a GBX 8,150 ($102.63) price objective on shares of Spirax-Sarco Engineering in a research note on Wednesday, September 25th. Shore Capital restated a “sell” rating on shares of Spirax-Sarco Engineering in a research note on Friday, August 30th. Finally, Royal Bank of Canada decreased their price target on shares of Spirax-Sarco Engineering from GBX 8,000 ($100.74) to GBX 7,000 ($88.15) and set an “underperform” rating for the company in a research note on Thursday, August 15th.

Spirax-Sarco Engineering Trading Up 4.3 %

Shares of Spirax-Sarco Engineering stock opened at GBX 6,790 ($85.51) on Wednesday. The company has a fifty day simple moving average of GBX 6,907.30 and a 200-day simple moving average of GBX 7,936.80. Spirax-Sarco Engineering has a 12-month low of GBX 6,350 ($79.96) and a 12-month high of £112.80 ($142.05). The company has a current ratio of 2.26, a quick ratio of 1.73 and a debt-to-equity ratio of 98.81. The stock has a market cap of £5.00 billion, a price-to-earnings ratio of 2,611.54, a PEG ratio of 2.20 and a beta of 0.68.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.