Spirax-Sarco Engineering (LON:SPX) had its price objective reduced by Goldman Sachs Group from GBX 7,400 ($97.34) to GBX 7,200 ($94.71) in a research note released on Friday morning, Stock Target Advisor reports. Goldman Sachs Group currently has a sell rating on the stock.

Several other research analysts also recently weighed in on the company. Morgan Stanley restated an equal weight rating on shares of Spirax-Sarco Engineering in a research note on Thursday, December 5th. Peel Hunt restated an add rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, March 11th. Barclays began coverage on Spirax-Sarco Engineering in a research note on Monday, January 20th. They set an equal weight rating and a GBX 8,300 ($109.18) target price on the stock. Shore Capital restated a buy rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, March 11th. Finally, UBS Group restated a neutral rating and set a GBX 8,900 ($117.07) target price (down from GBX 9,200 ($121.02)) on shares of Spirax-Sarco Engineering in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Spirax-Sarco Engineering currently has a consensus rating of Hold and an average target price of GBX 8,598.33 ($113.11).

SPX stock traded up GBX 105 ($1.38) on Friday, hitting GBX 8,245 ($108.46). 500,700 shares of the company’s stock were exchanged, compared to its average volume of 143,754. Spirax-Sarco Engineering has a 12-month low of GBX 6,950 ($91.42) and a 12-month high of GBX 9,535 ($125.43). The firm has a 50 day moving average price of GBX 8,850.70 and a two-hundred day moving average price of GBX 8,517.82. 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 market cap of $6.29 billion and a P/E ratio of 27.54.

The company also recently declared a dividend, which will be paid on Friday, May 22nd. Shareholders of record on Thursday, April 23rd will be paid a dividend of GBX 78 ($1.03) per share. This represents a yield of 0.97%. The ex-dividend date is Thursday, April 23rd. This is an increase from Spirax-Sarco Engineering’s previous dividend of $32.00. Spirax-Sarco Engineering’s payout ratio is presently 0.34%.

In other news, insider Jamie Pike purchased 1,300 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were acquired at an average price of GBX 7,690 ($101.16) per share, for a total transaction of £99,970 ($131,504.87).

Spirax-Sarco Engineering Company Profile

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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