Peel Hunt Reiterates Add Rating for Spirax-Sarco Engineering plc (SPX)
Spirax-Sarco Engineering plc (LON:SPX)‘s stock had its “add” rating restated by equities researchers at Peel Hunt in a research report issued on Tuesday.
Other analysts also recently issued research reports about the company. Numis Securities Ltd reiterated a “hold” rating on shares of Spirax-Sarco Engineering plc in a research report on Thursday, November 10th. BNP Paribas reiterated an “underperform” rating and set a GBX 3,700 ($46.23) price target on shares of Spirax-Sarco Engineering plc in a research report on Wednesday, August 10th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 3,500 ($43.73) price target on shares of Spirax-Sarco Engineering plc in a research report on Wednesday, August 10th. Finally, HSBC lifted their price target on Spirax-Sarco Engineering plc from GBX 3,450 ($43.10) to GBX 4,000 ($49.98) and gave the company a “hold” rating in a research report on Tuesday, August 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 3,558.50 ($44.46).
Spirax-Sarco Engineering plc (LON:SPX) opened at 4296.00 on Tuesday. Spirax-Sarco Engineering plc has a 12-month low of GBX 2,664.00 and a 12-month high of GBX 4,745.00. The company’s market capitalization is GBX 3.15 billion. The firm’s 50 day moving average price is GBX 4,416.00 and its 200-day moving average price is GBX 4,054.20.
In related news, insider Nicholas John Anderson purchased 54 shares of the firm’s stock in a transaction on Wednesday, October 12th. The shares were acquired at an average cost of GBX 2,797 ($34.95) per share, with a total value of £1,510.38 ($1,887.03).
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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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