In a report released today, Andrew Douglas from Jefferies maintained a Buy rating on Spirax Sarco Engineering, with a price target of p7,500.00.
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Andrew Douglas has given his Buy rating due to a combination of factors that highlight Spirax Sarco Engineering’s strong performance and promising outlook. The company’s first half of 2025 interim results exceeded expectations, with sales and earnings before interest, taxes, and amortization (EBITA) surpassing both Jefferies’ estimates and consensus forecasts. This indicates robust operational efficiency and effective management strategies.
Moreover, Spirax Sarco Engineering demonstrated resilience despite challenges in key markets like China and Korea, achieving notable growth in its Electric Thermal Solutions (ETS) segment. The management’s reaffirmation of its full-year guidance, coupled with expectations for accelerated sales growth and improved margins in the second half of 2025, further supports the positive sentiment. These factors collectively justify the Buy rating, as they suggest a strong potential for future growth and profitability.
According to TipRanks, Douglas is a 4-star analyst with an average return of 5.1% and a 56.48% success rate. Douglas covers the Industrials sector, focusing on stocks such as IMI plc, Rotork plc, and Senior plc.
In another report released on August 5, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a p6,743.00 price target.