Numis Securities Ltd Reiterates “Hold” Rating for Spirax-Sarco Engineering plc (SPX)
Spirax-Sarco Engineering plc (LON:SPX)‘s stock had its “hold” rating reaffirmed by investment analysts at Numis Securities Ltd in a research note issued on Thursday.
A number of other equities research analysts have also issued reports on the stock. HSBC lifted their target price on shares of Spirax-Sarco Engineering plc from GBX 3,450 ($42.74) to GBX 4,000 ($49.55) and gave the company a “hold” rating in a research note on Tuesday, August 16th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 3,500 ($43.35) target price on shares of Spirax-Sarco Engineering plc in a research note on Wednesday, August 10th. Finally, BNP Paribas reissued an “underperform” rating and set a GBX 3,700 ($45.83) target price on shares of Spirax-Sarco Engineering plc in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Spirax-Sarco Engineering plc has a consensus rating of “Hold” and a consensus price target of GBX 3,558.50 ($44.08).
Shares of Spirax-Sarco Engineering plc (LON:SPX) opened at 4257.00 on Thursday. The stock’s 50 day moving average price is GBX 4,471.92 and its 200 day moving average price is GBX 4,005.74. Spirax-Sarco Engineering plc has a 52 week low of GBX 2,664.00 and a 52 week high of GBX 4,745.00. The firm’s market capitalization is GBX 3.12 billion.
In other Spirax-Sarco Engineering plc news, insider Nicholas John Anderson acquired 54 shares of Spirax-Sarco Engineering plc stock in a transaction that occurred on Wednesday, October 12th. The stock was acquired at an average price of GBX 2,797 ($34.65) per share, with a total value of £1,510.38 ($1,870.90).
About Spirax-Sarco Engineering plc
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company. The Company’s segments include Europe, Middle East & Africa; Asia Pacific; Americas; Steam specialties business, and Watson-Marlow Fluid Technology Group (Watson-Marlow). The Company’s businesses include Spirax Sarco and Watson-Marlow.
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