Spirax-Sarco Engineering’s (SPX) “Equal weight” Rating Reiterated at Morgan Stanley

Morgan Stanley reiterated their equal weight rating on shares of Spirax-Sarco Engineering (LON:SPX) in a report issued on Thursday, ThisIsMoney.Co.Uk reports.

A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. boosted their price target on from GBX 385 ($5.03) to GBX 480 ($6.27) and gave the company an overweight rating in a research note on Wednesday, July 3rd. Peel Hunt reaffirmed a buy rating on shares of Costain Group in a research note on Friday, June 28th. Goldman Sachs Group downgraded EXPERIAN PLC/ADR from a buy rating to a neutral rating in a research note on Wednesday. Berenberg Bank set a €54.00 ($62.79) price target on 1&1 Drillisch and gave the company a buy rating in a research note on Thursday, May 16th. Finally, UBS Group upgraded to a neutral rating and lifted their target price for the company from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a research report on Thursday, June 20th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Spirax-Sarco Engineering presently has an average rating of Hold and a consensus target price of GBX 7,240 ($94.60).

SPX stock opened at GBX 8,695 ($113.62) on Thursday. The firm has a market capitalization of $6.41 billion and a P/E ratio of 28.79. The company has a 50-day moving average of GBX 8,850.70. Spirax-Sarco Engineering has a 52 week low of GBX 5,875 ($76.77) and a 52 week high of GBX 9,440 ($123.35). The company has a debt-to-equity ratio of 55.14, a quick ratio of 1.80 and a current ratio of 2.49.

About Spirax-Sarco Engineering

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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Analyst Recommendations for Spirax-Sarco Engineering (LON:SPX)

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