Citigroup Reaffirms “Buy” Rating for Spirax-Sarco Engineering (LON:SPX)

Citigroup restated their buy rating on shares of Spirax-Sarco Engineering (LON:SPX) in a report released on Wednesday, MarketBeat Ratings reports.

A number of other analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Spirax-Sarco Engineering from GBX 7,800 ($101.15) to GBX 7,700 ($99.86) and set a “neutral” rating for the company in a research note on Wednesday. Shore Capital reiterated a “sell” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 8,478 ($109.95).

Spirax-Sarco Engineering Price Performance

LON SPX opened at GBX 7,140 ($92.59) on Wednesday. The business’s fifty day moving average is GBX 7,383.68 and its 200 day moving average is GBX 7,179.08. Spirax-Sarco Engineering has a fifty-two week low of GBX 6,350 ($82.35) and a fifty-two week high of £107.70 ($139.67). The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25. The company has a market capitalization of £5.26 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68.

Spirax-Sarco Engineering (LON:SPX) last posted its quarterly earnings data on Tuesday, March 11th. The company reported GBX 286.30 ($3.71) earnings per share for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. Sell-side analysts predict that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current year.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering rebrands as Spirax Group

On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.

Our new name respects our history and where we have come from, with who we are today.