Analysts Set Spirax-Sarco Engineering plc (SPX) Price Target at $4,000.00
Spirax-Sarco Engineering plc (LON:SPX) has earned an average rating of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 4,000 ($50.96).
Several research analysts have commented on the company. Deutsche Bank AG restated a “buy” rating on shares of Spirax-Sarco Engineering plc in a report on Thursday, June 1st. J P Morgan Chase & Co downgraded Spirax-Sarco Engineering plc to a “neutral” rating in a report on Friday, June 2nd. Liberum Capital restated a “hold” rating on shares of Spirax-Sarco Engineering plc in a report on Friday, May 26th. Peel Hunt reiterated an “add” rating on shares of Spirax-Sarco Engineering plc in a report on Tuesday, May 9th. Finally, Numis Securities Ltd downgraded Spirax-Sarco Engineering plc to a “hold” rating in a report on Tuesday, May 9th.
TRADEMARK VIOLATION WARNING: This news story was published by Daily Political and is owned by of Daily Political. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/06/19/analysts-set-spirax-sarco-engineering-plc-spx-price-target-at-4000-00.html.
Shares of Spirax-Sarco Engineering plc (SPX) traded up 0.91% during trading on Friday, reaching GBX 5530.00. The company’s stock had a trading volume of 124,314 shares. Spirax-Sarco Engineering plc has a 12-month low of GBX 3,250.00 and a 12-month high of GBX 5,815.00. The stock’s market cap is GBX 4.06 billion. The company has a 50 day moving average of GBX 5,357.50 and a 200-day moving average of GBX 4,724.21.
In other Spirax-Sarco Engineering plc news, insider James Whalen sold 3,585 shares of Spirax-Sarco Engineering plc stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of GBX 4,786 ($60.98), for a total transaction of £171,578.10 ($218,598.67). Also, insider Kevin Boyd purchased 1,000 shares of the stock in a transaction on Monday, June 12th. The shares were purchased at an average cost of GBX 5,401 ($68.81) per share, with a total value of £54,010 ($68,811.31).
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.
Receive News & Ratings for Spirax-Sarco Engineering plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirax-Sarco Engineering plc and related companies with MarketBeat.com's FREE daily email newsletter.