Research analysts at Investec boosted their target price on shares of Spirax-Sarco Engineering (LON: SPX) from $34.97 (2315 GBX) to $41.47 (2745 GBX) in a report released on Monday. The firm currently has a “hold” rating on the stock.

Shares of Spirax-Sarco Engineering (LON: SPX) traded down 0.70% during mid-day trading on Monday, hitting GBX 2706.00. Spirax-Sarco Engineering has a one year low of GBX 1887.9999 and a one year high of GBX 2740.00. The stock’s 50-day moving average is currently GBX 2119.08. The company’s market cap is £2.113 billion.

A number of other analysts have also recently weighed in on SPX. Analysts at UBS AG raised their price target on shares of Spirax-Sarco Engineering from $36.25 to $39.27 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Spirax-Sarco Engineering from $30.54 to $40.10 in a research note to investors on Monday, March 11th. They now have a “hold” rating on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of Spirax-Sarco Engineering from $42.65 to $43.16 in a research note to investors on Monday, March 11th. They now have a “hold” rating on the stock.

Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company. It comprises the two businesses: Spirax Sarco for steam specialties and Watson-Marlow for peristaltic and pumps.

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