Spirax-Sarco Engineering (LON:SPX) Rating Reiterated by Shore Capital

Posted by on Aug 12th, 2023

Spirax-Sarco Engineering (LON:SPX – Get Free Report)‘s stock had its “hold” rating reissued by Shore Capital in a research note issued to investors on Thursday, MarketBeat.com reports.

Separately, JPMorgan Chase & Co. upgraded Spirax-Sarco Engineering to an “overweight” rating and decreased their price target for the company from £124 ($158.47) to £119 ($152.08) in a research report on Monday, July 17th.

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Spirax-Sarco Engineering Trading Down 1.0 %

Shares of SPX opened at £104.70 ($133.80) on Thursday. The business’s 50-day moving average price is £106.90 and its 200-day moving average price is £112.09. Spirax-Sarco Engineering has a twelve month low of GBX 9,448 ($120.74) and a twelve month high of £123.50 ($157.83). The stock has a market cap of £7.72 billion, a PE ratio of 3,444.08, a P/E/G ratio of 3.61 and a beta of 0.60. The company has a quick ratio of 1.73, a current ratio of 1.65 and a debt-to-equity ratio of 92.71.

Spirax-Sarco Engineering Company Profile

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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. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; 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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