Equities research analysts at Berenberg Bank assumed coverage on shares of Spirax-Sarco Engineering (LON:SPX) in a report released on Thursday, Digital Look reports. The brokerage set a “buy” rating on the stock.
Other equities analysts have also issued reports about the stock. Peel Hunt reaffirmed an “add” rating on shares of Spirax-Sarco Engineering in a research report on Monday, February 18th. Deutsche Bank increased their price objective on shares of Spirax-Sarco Engineering from GBX 6,530 ($85.33) to GBX 6,570 ($85.85) and gave the company a “buy” rating in a research report on Tuesday, February 19th. HSBC increased their price objective on shares of Spirax-Sarco Engineering from GBX 6,300 ($82.32) to GBX 6,800 ($88.85) and gave the company a “hold” rating in a research report on Friday, March 8th. UBS Group reaffirmed a “neutral” rating on shares of Spirax-Sarco Engineering in a research report on Thursday, May 16th. Finally, BNP Paribas lowered shares of Spirax-Sarco Engineering to an “underperform” rating and reduced their price target for the stock from GBX 6,300 ($82.32) to GBX 5,700 ($74.48) in a research report on Friday, January 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 6,687.92 ($87.39).
Shares of Spirax-Sarco Engineering stock opened at GBX 8,590 ($112.24) on Thursday. The company has a market capitalization of $6.34 billion and a P/E ratio of 28.44. 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 has a 52 week low of GBX 5,875 ($76.77) and a 52 week high of GBX 8,825 ($115.31).
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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