Spirax-Sarco Engineering (SPX) Receives “Hold” Rating from Numis Securities
Numis Securities restated their hold rating on shares of Spirax-Sarco Engineering (LON:SPX) in a research note published on Wednesday morning. The brokerage currently has a GBX 6,000 ($82.90) target price on the stock.
Other analysts also recently issued reports about the company. Goldman Sachs Group began coverage on Spirax-Sarco Engineering in a research note on Wednesday, December 13th. They issued a neutral rating and a GBX 5,600 ($77.37) price objective for the company. Liberum Capital increased their price objective on Spirax-Sarco Engineering from GBX 5,070 ($70.05) to GBX 5,700 ($78.75) and gave the stock a hold rating in a research note on Friday, January 12th. Barclays began coverage on Spirax-Sarco Engineering in a research report on Friday, December 1st. They set an equal weight rating and a GBX 6,100 ($84.28) price target for the company. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 5,800 ($80.13) price target on shares of Spirax-Sarco Engineering in a research report on Wednesday, November 22nd. Finally, Peel Hunt reaffirmed an add rating and set a GBX 6,000 ($82.90) price target on shares of Spirax-Sarco Engineering in a research report on Tuesday, October 31st. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 5,930 ($81.93).
Shares of Spirax-Sarco Engineering (SPX) opened at GBX 5,580 ($77.09) on Wednesday. The company has a market capitalization of $4,100.00 and a P/E ratio of 3,152.54. Spirax-Sarco Engineering has a 52 week low of GBX 4,350 ($60.10) and a 52 week high of GBX 5,995 ($82.83).
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About Spirax-Sarco Engineering
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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