Spirax-Sarco Engineering plc (LON:SPX) Given Consensus Rating of “Hold” by Brokerages

Spirax-Sarco Engineering plc (LON:SPX) has been given an average recommendation of “Hold” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 8,478 ($109.37).

Several analysts have commented on the company. Shore Capital reissued a “sell” rating on shares of Spirax-Sarco Engineering in a report on Tuesday, March 11th. JPMorgan Chase & Co. lowered their target price on Spirax-Sarco Engineering from GBX 7,800 ($100.62) to GBX 7,700 ($99.33) and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Finally, Citigroup restated a “buy” rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, March 12th.

Spirax-Sarco Engineering Stock Down 2.6 %

Shares of LON:SPX opened at GBX 5,780 ($74.56) on Friday. Spirax-Sarco Engineering has a 52-week low of GBX 5,630 ($72.63) and a 52-week high of GBX 9,850 ($127.06). The business’s 50 day moving average is GBX 7,254.16 and its 200 day moving average is GBX 7,068.51. The stock has a market cap of £4.26 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85.

Spirax-Sarco Engineering (LON:SPX) last issued its quarterly earnings data on Tuesday, March 11th. The company reported GBX 286.30 ($3.69) earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. Sell-side analysts predict that Spirax-Sarco Engineering will post 334.5410628 EPS for the current year.

Spirax-Sarco Engineering Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be given a dividend of GBX 117.50 ($1.52) per share. This represents a yield of 1.7%. This is a boost from Spirax-Sarco Engineering’s previous dividend of $47.50. The ex-dividend date is Thursday, April 24th. Spirax-Sarco Engineering’s dividend payout ratio is 62.13%.

Insider Buying and Selling at Spirax-Sarco Engineering

In related news, insider Nimesh Patel sold 697 shares of Spirax-Sarco Engineering stock in a transaction on Monday, March 24th. The shares were sold at an average price of GBX 6,723 ($86.73), for a total value of £46,859.31 ($60,448.03). 0.73% of the stock is currently owned by corporate insiders.

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.