Spirax-Sarco Engineering plc (LON:SPX) Given Consensus Recommendation of “Reduce” by Analysts

Spirax-Sarco Engineering plc (LON:SPX) has received an average recommendation of “Reduce” from the seven research firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 8,672.50 ($110.06).

A number of analysts have weighed in on the stock. Berenberg Bank reaffirmed a “hold” rating and set a GBX 8,150 ($103.43) target price on shares of Spirax-Sarco Engineering in a research note on Wednesday, September 25th. Shore Capital reaffirmed a “sell” rating on shares of Spirax-Sarco Engineering in a report on Friday, August 30th. Finally, Royal Bank of Canada cut their price target on Spirax-Sarco Engineering from GBX 8,000 ($101.52) to GBX 7,000 ($88.83) and set an “underperform” rating on the stock in a research note on Thursday, August 15th.

Spirax-Sarco Engineering Trading Down 0.6 %

SPX opened at GBX 6,503.35 ($82.53) on Wednesday. The company has a market cap of £4.79 billion, a P/E ratio of 2,503.38, a PEG ratio of 2.20 and a beta of 0.68. The company has a current ratio of 2.26, a quick ratio of 1.73 and a debt-to-equity ratio of 98.81. The company’s 50 day moving average is GBX 6,955.18 and its 200-day moving average is GBX 7,985.63. Spirax-Sarco Engineering has a 1-year low of GBX 6,350 ($80.58) and a 1-year high of £112.80 ($143.15).

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.