Spirax Group (SPX)

Down
Share Price:
7,020.00p
Market Cap:
£5,183m
Change Today:
-115.00p
Sector:
Engineering

RBC Capital Markets raises target price on Spirax

By Iain Gilbert

Date: Wednesday 11 Mar 2026

LONDON (ShareCast) - (Sharecast News) - RBC Capital Markets hiked its target price on thermal energy and fluid technology manufacturer Spirax from 6,000p to 6,800p on Wednesday following the firm's full-year results.
The Canadian bank said Spirax's results had touched on most of its key focus areas - limited growth in steam, recovery potential in ETS in Watson-Marlow, and the need for improved return on invested capital.

Overall, RBC Capital stated that while Spirax reported FY25 profits roughly 2% ahead of expectations, it had also chosen to cut its 2026-28E earnings per share estimates by 3% per year.

"While in part this is currency driven, it also reflects lower ongoing growth assumptions in steam (with 2026E forecasts at only 2% following the 1% in 2025)," said RBC. "We retain an 'underperform' rating, though do increase our price target to £68 as we moved to a 2026E base year."





Reporting by Iain Gilbert at Sharecast.com

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Spirax Group Market Data

Currency UK Pounds
Price 7,020.00p
Change Today -115.00p
52 Week High 7,960.00p
52 Week Low 6,300.00p
Volume 136,558
Shares Issued 73.83m
Market Cap £5,183m

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