Spirax-Sarco Engineering (LON:SPX) Receives Underperform Rating from Royal Bank of Canada
Royal Bank of Canada reissued their underperform rating on shares of Spirax-Sarco Engineering (LON:SPX) in a report released on Thursday morning, ThisIsMoney.Co.Uk reports.
SPX has been the topic of a number of other research reports. Morgan Stanley reaffirmed an equal weight rating on shares of Spirax-Sarco Engineering in a research note on Thursday, December 5th. Jefferies Financial Group lifted their price target on shares of Spirax-Sarco Engineering from GBX 7,855 ($103.33) to GBX 8,710 ($114.58) and gave the company a hold rating in a research note on Friday, February 14th. Goldman Sachs Group lifted their price target 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. Shore Capital reaffirmed a buy rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, March 11th. Finally, BNP Paribas lifted their price target on shares of Spirax-Sarco Engineering from GBX 5,700 ($74.98) to GBX 7,250 ($95.37) and gave the company an underperform rating in a research note on Thursday, November 28th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 8,598.33 ($113.11).
LON SPX traded up GBX 105 ($1.38) during trading on Thursday, reaching GBX 8,245 ($108.46). 500,700 shares of the stock traded hands, compared to its average volume of 143,754. The firm has a market cap of $6.29 billion and a price-to-earnings ratio of 27.54. The stock’s 50-day moving average price is GBX 8,850.70 and its 200 day moving average price is GBX 8,517.82. The company has a quick ratio of 1.43, a current ratio of 2.20 and a debt-to-equity ratio of 77.00. Spirax-Sarco Engineering has a fifty-two week low of GBX 6,950 ($91.42) and a fifty-two week high of GBX 9,535 ($125.43).
In other Spirax-Sarco Engineering news, insider Jamie Pike acquired 1,300 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were acquired at an average price of GBX 7,690 ($101.16) per share, with a total value 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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