Spirax-Sarco Engineering (LON:SPX) Rating Reiterated by UBS Group
UBS Group reiterated their neutral rating on shares of Spirax-Sarco Engineering (LON:SPX) in a report released on Thursday morning, Stock Target Advisor reports. UBS Group currently has a GBX 8,900 ($117.07) price objective on the stock, down from their prior price objective of GBX 9,200 ($121.02).
Several other research firms have also commented on SPX. Goldman Sachs Group increased their target price on shares of Spirax-Sarco Engineering from GBX 7,200 ($94.71) to GBX 7,400 ($97.34) and gave the company a sell rating in a research note on Monday, January 13th. JPMorgan Chase & Co. reissued a neutral rating on shares of Spirax-Sarco Engineering in a research note on Thursday, March 12th. Shore Capital reissued a buy rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, March 11th. Morgan Stanley reissued an equal weight rating on shares of Spirax-Sarco Engineering in a research note on Thursday, December 5th. Finally, Royal Bank of Canada reissued an underperform rating on shares of Spirax-Sarco Engineering in a research note on Thursday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 8,598.33 ($113.11).
Shares of Spirax-Sarco Engineering stock traded up GBX 105 ($1.38) on Thursday, hitting GBX 8,245 ($108.46). The company had a trading volume of 500,700 shares, compared to its average volume of 143,754. Spirax-Sarco Engineering has a 52 week low of GBX 6,950 ($91.42) and a 52 week high of GBX 9,535 ($125.43). The company has a market cap of $6.29 billion and a PE ratio of 27.54. The business has a 50-day simple moving average of GBX 8,850.70 and a 200-day simple moving average of GBX 8,517.82. The company has a debt-to-equity ratio of 77.00, a current ratio of 2.20 and a quick ratio of 1.43.
In other news, insider Jamie Pike purchased 1,300 shares of Spirax-Sarco Engineering stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average price of GBX 7,690 ($101.16) per share, for a total transaction of £99,970 ($131,504.87).
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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