JPMorgan Chase & Co. restated their overweight rating on shares of Spirax-Sarco Engineering plc (LON:SPX) in a report issued on Wednesday morning.

Several other equities analysts have also weighed in on SPX. Peel Hunt restated an add rating on shares of Spirax-Sarco Engineering plc in a report on Tuesday. Numis Securities Ltd restated a hold rating and set a GBX 4,100 ($51.22) target price on shares of Spirax-Sarco Engineering plc in a report on Wednesday, August 10th. BNP Paribas restated an underperform rating and set a GBX 3,700 ($46.23) target price on shares of Spirax-Sarco Engineering plc in a report on Wednesday, August 10th. Finally, HSBC lifted their price objective on Spirax-Sarco Engineering plc from GBX 3,450 ($43.10) to GBX 4,000 ($49.98) and gave the stock a hold rating in a research note on Tuesday, August 16th. One equities research 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. The company currently has a consensus rating of Hold and a consensus price target of GBX 3,558.50 ($44.46).

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

Shares of Spirax-Sarco Engineering plc (LON:SPX) traded down 0.74% during mid-day trading on Wednesday, hitting GBX 4286.00. The stock had a trading volume of 49,857 shares. The firm has a 50 day moving average of GBX 4,416.00 and a 200 day moving average of GBX 4,054.20. The stock’s market cap is GBX 3.14 billion. Spirax-Sarco Engineering plc has a one year low of GBX 2,664.00 and a one year high of GBX 4,745.00.

In other news, insider Nicholas John Anderson bought 54 shares of the business’s stock in a transaction dated Wednesday, October 12th. The stock was bought at an average price of GBX 2,797 ($34.95) per share, for a total transaction of £1,510.38 ($1,887.03).

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Spirax-Sarco Engineering plc Company Profile

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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