Posted by admin on Aug 17th, 2022
Royal Bank of Canada restated their underperform rating on shares of Spirax-Sarco Engineering (LON:SPX – Get Rating) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. They currently have a £105 ($126.87) price target on the stock.
SPX has been the subject of a number of other research reports. Berenberg Bank restated a hold rating and set a £131.20 ($158.53) target price on shares of Spirax-Sarco Engineering in a research report on Wednesday, May 11th. Shore Capital reaffirmed a hold rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, May 11th. Barclays lifted their price objective on Spirax-Sarco Engineering from £111.50 ($134.73) to £122.50 ($148.02) and gave the stock an equal weight rating in a research note on Friday, August 12th. JPMorgan Chase & Co. reaffirmed a neutral rating and set a £132 ($159.50) price objective on shares of Spirax-Sarco Engineering in a research note on Thursday, June 30th. Finally, Morgan Stanley reaffirmed an equal weight rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, May 11th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, Spirax-Sarco Engineering presently has an average rating of Hold and an average price target of £122.68 ($148.23).
SPX stock opened at £112.25 ($135.63) on Tuesday. The company has a market cap of £8.28 billion and a P/E ratio of 3,544.03. Spirax-Sarco Engineering has a twelve month low of GBX 9,008 ($108.84) and a twelve month high of £172.25 ($208.13). The company has a quick ratio of 1.53, a current ratio of 2.11 and a debt-to-equity ratio of 46.06. The business has a fifty day moving average of £106.17 and a 200-day moving average of £114.43.
The firm also recently announced a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 13th will be paid a GBX 42.50 ($0.51) dividend. The ex-dividend date of this dividend is Thursday, October 13th. This represents a yield of 0.35%. Spirax-Sarco Engineering’s payout ratio is 38.68%.
In other Spirax-Sarco Engineering news, insider Nimesh Patel bought 700 shares of the firm’s stock in a transaction on Tuesday, June 21st. The stock was purchased at an average cost of GBX 9,280 ($112.13) per share, with a total value of £64,960 ($78,492.03).
Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, electrical heating and temperature management systems, and pumps and fluid path technologies. It offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating and curing, cleaning and sterilizing, hot water generation, space heating, and humidification; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes, heaters, and systems; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications.
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