Spirax-Sarco Engineering plc (SPX) Upgraded to Buy by Bank of America Corporation
Spirax-Sarco Engineering plc (LON:SPX) was upgraded by equities researchers at Bank of America Corporation to a “buy” rating in a report issued on Wednesday.
A number of other brokerages have also commented on SPX. Numis Securities Ltd reiterated a “hold” rating on shares of Spirax-Sarco Engineering plc in a research report on Thursday, November 10th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Spirax-Sarco Engineering plc in a research report on Wednesday, November 23rd. Finally, Peel Hunt reiterated an “add” rating on shares of Spirax-Sarco Engineering plc in a research report on Tuesday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Spirax-Sarco Engineering plc currently has a consensus rating of “Hold” and an average price target of GBX 3,558.50 ($42.93).
Spirax-Sarco Engineering plc (LON:SPX) traded down 1.71% during mid-day trading on Wednesday, hitting GBX 4252.00. 92,749 shares of the stock were exchanged. The firm has a 50-day moving average price of GBX 4,226.76 and a 200-day moving average price of GBX 4,266.41. The stock’s market capitalization is GBX 3.12 billion. Spirax-Sarco Engineering plc has a 12-month low of GBX 2,664.00 and a 12-month high of GBX 4,745.00.
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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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