Spirax-Sarco Engineering (LON:SPX) Price Target Cut to GBX 7,700 by Analysts at JPMorgan Chase & Co.

Spirax-Sarco Engineering (LON:SPX) had its price target reduced by investment analysts at JPMorgan Chase & Co. from GBX 7,800 ($100.98) to GBX 7,700 ($99.69) in a report released on Wednesday,Digital Look reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 8.37% from the stock’s current price.

Separately, Shore Capital reaffirmed a “sell” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 8,478 ($109.76).

Spirax-Sarco Engineering Stock Up 5.3 %

Shares of LON:SPX traded up GBX 355 ($4.60) during trading on Wednesday, reaching GBX 7,105 ($91.99). 661,270 shares of the stock were exchanged, compared to its average volume of 1,531,961. Spirax-Sarco Engineering has a 1-year low of GBX 6,350 ($82.21) and a 1-year high of £107.70 ($139.44). The stock has a fifty day moving average of GBX 7,383.68 and a two-hundred day moving average of GBX 7,179.08. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73. The firm has a market cap of £5.23 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68.

Spirax-Sarco Engineering (LON:SPX) last released its quarterly earnings data on Tuesday, March 11th. The company reported GBX 286.30 ($3.71) earnings per share for the quarter. Spirax-Sarco Engineering had a net margin of 11.57% and a return on equity of 16.58%. Research analysts anticipate that Spirax-Sarco Engineering will post 334.5410628 earnings per share for the current fiscal year.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering rebrands as Spirax Group

On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.

Our new name respects our history and where we have come from, with who we are today.