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.

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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.

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