Equities researchers at Janney Montgomery Scott increased their target price on shares of Spirax-Sarco Engineering (LON: SPX) from $1.35 (87 GBX) to $1.38 (89 GBX) in a report issued on Friday.

Shares of Spirax-Sarco Engineering traded down 0.04% during mid-day trading on Friday, hitting GBX 2364.00. Spirax-Sarco Engineering has a 52 week low of GBX 1887.9999 and a 52 week high of GBX 2410.00. The stock’s 50-day moving average is currently GBX 2119.08. The company’s market cap is £1.843 billion.

A number of other firms have also recently commented on SPX. Analysts at Arden Partners Ltd reiterated a “neutral” rating on shares of Spirax-Sarco Engineering in a research note to investors on Tuesday, January 29th. They now have a $36.10 price target 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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