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Shares of Spirax-Sarco Engineering plc (LON:SPX - Get Rating) have been given a consensus rating of "Hold" by the six analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is £122.68 ($148.23).
SPX has been the topic of a number of recent research reports. Morgan Stanley reissued an "equal weight" rating on shares of Spirax-Sarco Engineering in a report on Wednesday, May 11th. Shore Capital restated a "hold" rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, May 11th. Barclays lifted their price target on Spirax-Sarco Engineering from £111.50 ($134.73) to £122.50 ($148.02) and gave the company an "equal weight" rating in a research note on Friday, August 12th. JPMorgan Chase & Co. restated 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. Finally, Royal Bank of Canada restated an "underperform" rating and issued a £105 ($126.87) price target on shares of Spirax-Sarco Engineering in a research note on Tuesday, August 16th.Spirax-Sarco Engineering Trading Up 0.3 %
LON:SPX opened at £106.50 ($128.69) on Wednesday. The firm has a market cap of £7.86 billion and a P/E ratio of 3,526.49. The company has a current ratio of 2.56, a quick ratio of 1.73 and a debt-to-equity ratio of 52.15. The stock's 50 day simple moving average is £108.77 and its 200-day simple moving average is £112.97. Spirax-Sarco Engineering has a 12-month low of GBX 9,008 ($108.84) and a 12-month high of £172.25 ($208.13). Spirax-Sarco Engineering Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, November 11th. Stockholders of record on Thursday, October 13th will be given a GBX 42.50 ($0.51) dividend. The ex-dividend date of this dividend is Thursday, October 13th. This represents a dividend yield of 0.35%. Spirax-Sarco Engineering's dividend payout ratio is currently 40.73%. Insider Activity
In related news, insider Nimesh Patel acquired 700 shares of Spirax-Sarco Engineering stock in a transaction dated Tuesday, June 21st. The shares were acquired at an average cost of GBX 9,280 ($112.13) per share, for a total transaction of £64,960 ($78,492.03). 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 MoreHow the Pandemic Forced F5 to Flex its Software Side Shock Absorbers: 3 Low Volatility Dividend Stocks for Bumpy TimesThe Retail Sector: Winners And Losers From Q2 Earnings Can Targa Continue Rallying To Meet Its Price Target? Is Unity Software Ready To Rally After Rejecting AppLovin Offer?
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