Spirax-Sarco Engineering (LON:SPX) PT Raised to GBX 8,710 at Jefferies Financial Group
Spirax-Sarco Engineering (LON:SPX) had its price target hoisted by stock analysts at Jefferies Financial Group from GBX 7,855 ($103.33) to GBX 8,710 ($114.58) in a report released on Friday, ThisIsMoney.Co.Uk reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective suggests a potential downside of 6.04% from the company’s current price.
Other research analysts also recently issued research reports about the company. Shore Capital reissued a “buy” rating and issued a £104 ($136.81) price target on shares of Spirax-Sarco Engineering in a report on Tuesday, December 10th. Peel Hunt raised Spirax-Sarco Engineering to an “add” rating in a report on Wednesday, November 13th. Goldman Sachs Group increased their price target on Spirax-Sarco Engineering from GBX 7,200 ($94.71) to GBX 7,400 ($97.34) and gave the company a “sell” rating in a report on Monday, January 13th. BNP Paribas increased their price target on Spirax-Sarco Engineering from GBX 5,700 ($74.98) to GBX 7,250 ($95.37) and gave the company an “underperform” rating in a report on Thursday, November 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Spirax-Sarco Engineering in a report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 8,379.23 ($110.22).
Shares of SPX opened at GBX 9,270 ($121.94) on Friday. The company has a market capitalization of $6.92 billion and a P/E ratio of 30.96. Spirax-Sarco Engineering has a one year low of GBX 6,405 ($84.25) and a one year high of GBX 9,440 ($124.18). The company has a debt-to-equity ratio of 77.00, a quick ratio of 1.43 and a current ratio of 2.20. The stock has a 50-day moving average price of GBX 9,070.10 and a 200 day moving average price of GBX 8,418.27.
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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