Investment analysts at Berenberg Bank began coverage on shares of Spirax-Sarco Engineering (LON:SPX) in a research report issued on Thursday, May 16th, Digital Look reports. The brokerage set a “buy” rating on the stock.
Several other research analysts have also weighed in on the company. UBS Group reiterated a “neutral” rating on shares of Spirax-Sarco Engineering in a research report on Thursday, May 16th. Peel Hunt increased their price objective on Spirax-Sarco Engineering from GBX 7,100 ($92.77) to GBX 8,450 ($110.41) and gave the stock an “add” rating in a research report on Wednesday, May 15th. Deutsche Bank lowered Spirax-Sarco Engineering to a “hold” rating in a research report on Monday, April 15th. HSBC increased their price objective on Spirax-Sarco Engineering from GBX 6,300 ($82.32) to GBX 6,800 ($88.85) and gave the stock a “hold” rating in a research report on Friday, March 8th. Finally, BNP Paribas lowered Spirax-Sarco Engineering to an “underperform” rating and lowered their price objective for the stock from GBX 6,300 ($82.32) to GBX 5,700 ($74.48) in a research report on Friday, January 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Spirax-Sarco Engineering presently has a consensus rating of “Hold” and a consensus target price of GBX 6,687.92 ($87.39).
Shares of Spirax-Sarco Engineering stock opened at GBX 8,530 ($111.46) on Thursday. The company has a market capitalization of $6.29 billion and a P/E ratio of 28.25. Spirax-Sarco Engineering has a fifty-two week low of GBX 5,875 ($76.77) and a fifty-two week high of GBX 8,940 ($116.82). The company has a quick ratio of 1.80, a current ratio of 2.49 and a debt-to-equity ratio of 55.14.
Spirax-Sarco Engineering Company Profile
Spirax-Sarco Engineering plc provides engineered solutions for users of industrial and commercial steam systems, electrical heating and temperature management systems, and process fluid paths and pumping systems. It offers condensate management products, such as steam traps, condensate return pumps, and isolation valves; controls, including automatic control valves, pressure regulators, and temperature controls; and thermal energy management products comprising metering products, boiler house products, heat transfer packages, and energy services.
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