Spirax-Sarco Engineering plc (SPX) Given Average Recommendation of “Hold” by Analysts
Shares of Spirax-Sarco Engineering plc (LON:SPX) have been assigned an average rating of “Hold” from the eleven brokerages that are covering the firm. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 3,593.57 ($44.58).
A number of brokerages have weighed in on SPX. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Spirax-Sarco Engineering plc in a report on Wednesday, November 23rd. Peel Hunt reaffirmed an “add” rating on shares of Spirax-Sarco Engineering plc in a research note on Tuesday, November 22nd. Numis Securities Ltd reaffirmed a “hold” rating on shares of Spirax-Sarco Engineering plc in a research note on Thursday, November 10th. BNP Paribas reaffirmed an “underperform” rating and set a GBX 3,700 ($45.90) price objective on shares of Spirax-Sarco Engineering plc in a research note on Wednesday, August 10th. Finally, HSBC upped their price objective on shares of Spirax-Sarco Engineering plc from GBX 3,450 ($42.80) to GBX 4,000 ($49.62) and gave the company a “hold” rating in a research note on Tuesday, August 16th.
Spirax-Sarco Engineering plc (LON:SPX) opened at 4193.00 on Friday. 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 firm’s market capitalization is GBX 3.07 billion. The firm’s 50-day moving average is GBX 4,382.78 and its 200-day moving average is GBX 4,071.14.
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In other news, insider Nicholas John Anderson acquired 54 shares of the company’s stock in a transaction that occurred on Wednesday, October 12th. The shares were purchased at an average price of GBX 2,797 ($34.70) per share, for a total transaction of £1,510.38 ($1,873.69).
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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