Recent Analysts’ Ratings Updates for Spirax-Sarco Engineering (SPX)

Several analysts have recently updated their ratings and price targets for Spirax-Sarco Engineering (LON: SPX):

  • 5/16/2019 – Spirax-Sarco Engineering had its “neutral” rating reaffirmed by analysts at UBS Group AG.
  • 5/16/2019 – Spirax-Sarco Engineering is now covered by analysts at Berenberg Bank. They set a “buy” rating on the stock.
  • 5/15/2019 – Spirax-Sarco Engineering had its price target raised by analysts at Peel Hunt from GBX 7,100 ($92.77) to GBX 8,450 ($110.41). They now have an “add” rating on the stock.
  • 5/6/2019 – Spirax-Sarco Engineering had its “add” rating reaffirmed by analysts at Peel Hunt.
  • 4/15/2019 – Spirax-Sarco Engineering was downgraded by analysts at Deutsche Bank AG to a “hold” rating.

Shares of SPX stock opened at GBX 8,590 ($112.24) on Wednesday. The firm has a market capitalization of $6.34 billion and a price-to-earnings ratio of 28.44. The company has a quick ratio of 1.80, a current ratio of 2.49 and a debt-to-equity ratio of 55.14. Spirax-Sarco Engineering plc has a one year low of GBX 5,875 ($76.77) and a one year high of GBX 8,825 ($115.31).

The company also recently declared a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be paid a GBX 71 ($0.93) dividend. The ex-dividend date is Thursday, April 25th. This represents a yield of 1.05%. This is a boost from Spirax-Sarco Engineering’s previous dividend of $29.00. Spirax-Sarco Engineering’s dividend payout ratio (DPR) is currently 0.33%.

Spirax-Sarco Engineering plc provides engineered solutions for users of industrial and commercial steam systems, electrical heating and temperature management systems, and process fluid paths and pumping systems. It offers condensate management products, such as steam traps, condensate return pumps, and isolation valves; controls, including automatic control valves, pressure regulators, and temperature controls; and thermal energy management products comprising metering products, boiler house products, heat transfer packages, and energy services.

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