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Spirax-Sarco Engineering plc (LON:SPX - Get Rating) has been assigned a consensus recommendation of "Hold" from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is £122.68 ($148.23).

Several analysts have commented on SPX shares. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a £132 ($159.50) price target on shares of Spirax-Sarco Engineering in a research note on Thursday, June 30th. Barclays increased their price objective on shares of 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. Finally, Royal Bank of Canada restated an "underperform" rating and set a £105 ($126.87) price target on shares of Spirax-Sarco Engineering in a research report on Tuesday, August 16th.Spirax-Sarco Engineering Stock Down 0.7 %

SPX opened at GBX 9,806 ($118.49) on Friday. The company has a market capitalization of £7.23 billion and a PE ratio of 3,247.02. Spirax-Sarco Engineering has a 1-year low of GBX 9,008 ($108.84) and a 1-year high of £172.25 ($208.13). The firm's 50 day simple moving average is £109.53 and its two-hundred day simple moving average is £111.41. The company has a current ratio of 2.56, a quick ratio of 1.73 and a debt-to-equity ratio of 52.15. Spirax-Sarco Engineering Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 13th will be issued a GBX 42.50 ($0.51) dividend. This represents a yield of 0.35%. The ex-dividend date of this dividend is Thursday, October 13th. Spirax-Sarco Engineering's dividend payout ratio is currently 45.03%. About Spirax-Sarco Engineering (Get Rating)

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.Read MoreWill Wall Street's Enthusiasm About Datadog Lead To Big Gains? MarketBeat: Week in Review 9/19 – 9/23Why Does Tesla Stock Remain Resilient?2 Semiconductor Stocks To Watch For ReversalsAre Layoffs At A Small-Cap Tech A Bellwether For Housing Stocks?

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