UBS Group Reiterates Neutral Rating for Spirax-Sarco Engineering (LON:SPX)

UBS Group restated their neutral rating on shares of Spirax-Sarco Engineering (LON:SPX) in a research note published on Thursday, June 20th, ThisIsMoney.Co.Uk reports. They currently have a GBX 9,000 ($117.60) price objective on the stock, up from their prior price objective of GBX 7,100 ($92.77).

Several other equities research analysts also recently commented on SPX. Deutsche Bank lowered their price objective on shares of Broadcom from $330.00 to $315.00 and set a buy rating for the company in a research note on Friday, June 14th. Peel Hunt restated a buy rating on shares of Serabi Gold in a research report on Wednesday, May 15th. Berenberg Bank set a €54.00 ($62.79) target price on shares of 1&1 Drillisch and gave the company a buy rating in a research report on Thursday, May 16th. Finally, HSBC upgraded shares of Ensco Rowan from a hold rating to a buy rating and set a $7.00 target price for the company in a research report on Friday, March 8th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Spirax-Sarco Engineering has an average rating of Hold and a consensus target price of GBX 7,240 ($94.60).

Shares of LON:SPX traded down GBX 15 ($0.20) on Thursday, hitting GBX 8,695 ($113.62). 344,707 shares of the company were exchanged, compared to its average volume of 143,754. Spirax-Sarco Engineering has a 1-year low of GBX 5,875 ($76.77) and a 1-year high of GBX 9,440 ($123.35). The stock has a 50 day moving average price of GBX 8,850.70. The company has a debt-to-equity ratio of 55.14, a current ratio of 2.49 and a quick ratio of 1.80. The stock has a market cap of $6.41 billion and a price-to-earnings ratio of 28.79.

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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Analyst Recommendations for Spirax-Sarco Engineering (LON:SPX)

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