Spirax-Sarco Engineering plc (LON:SPX) Receives Average Recommendation of “Hold” from Brokerages

Shares of Spirax-Sarco Engineering plc (LON:SPX) have received an average rating of “Hold” from the twelve research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 7,565.56 ($98.86).

Several equities analysts have recently weighed in on the stock. Berenberg Bank reduced their target price on shares of Spirax-Sarco Engineering from £105.10 ($137.33) to GBX 9,680 ($126.49) and set a “buy” rating for the company in a research note on Thursday, August 15th. UBS Group reiterated a “neutral” rating and issued a GBX 8,370 ($109.37) target price (down previously from GBX 9,000 ($117.60)) on shares of Spirax-Sarco Engineering in a research note on Monday, August 19th. Jefferies Financial Group reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, July 24th. Morgan Stanley reiterated an “equal weight” rating on shares of Spirax-Sarco Engineering in a research note on Thursday, July 11th. Finally, Peel Hunt reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, August 7th.

In other news, insider Jamie Pike acquired 1,250 shares of Spirax-Sarco Engineering stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of GBX 8,090 ($105.71) per share, with a total value of £101,125 ($132,137.72).

Shares of SPX traded down GBX 45 ($0.59) during trading hours on Friday, hitting GBX 7,875 ($102.90). The company’s stock had a trading volume of 112,402 shares, compared to its average volume of 143,754. The company has a market cap of $5.80 billion and a price-to-earnings ratio of 26.30. The company has a debt-to-equity ratio of 77.00, a current ratio of 2.20 and a quick ratio of 1.43. The business has a 50 day simple moving average of GBX 8,508.40 and a two-hundred day simple moving average of GBX 8,010.20. 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).

Spirax-Sarco Engineering (LON:SPX) last posted its earnings results on Wednesday, August 7th. The company reported GBX 120 ($1.57) earnings per share for the quarter, missing the consensus estimate of GBX 125.20 ($1.64) by GBX (5.20) (($0.07)). Research analysts predict that Spirax-Sarco Engineering will post 26635.0006104 earnings per share for the current year.

The company also recently disclosed a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 10th will be paid a dividend of GBX 32 ($0.42) per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a yield of 0.4%. Spirax-Sarco Engineering’s dividend payout ratio is currently 0.34%.

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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