Spirax-Sarco Engineering (SPX) Price Target Raised to GBX 6,010
Spirax-Sarco Engineering (LON:SPX) had its price objective hoisted by Jefferies Group from GBX 5,945 ($79.62) to GBX 6,010 ($80.49) in a research report released on Tuesday morning, Marketbeat.com reports. The firm currently has a hold rating on the stock.
A number of other research firms also recently commented on SPX. Investec reiterated a not rated rating on shares of Spirax-Sarco Engineering in a report on Wednesday, August 9th. Peel Hunt reiterated an add rating on shares of Spirax-Sarco Engineering in a report on Wednesday, August 9th. J P Morgan Chase & Co reiterated a neutral rating and issued a GBX 5,800 ($77.68) price objective on shares of Spirax-Sarco Engineering in a report on Wednesday, November 22nd. Liberum Capital reiterated a hold rating and issued a GBX 5,070 ($67.90) price objective on shares of Spirax-Sarco Engineering in a report on Tuesday, November 21st. Finally, restated a hold rating on shares of Spirax-Sarco Engineering in a research note on Friday, September 29th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Spirax-Sarco Engineering has an average rating of Hold and a consensus price target of GBX 5,796 ($77.62).
Spirax-Sarco Engineering (LON SPX) traded down GBX 65 ($0.87) on Tuesday, hitting GBX 5,700 ($76.34). The stock had a trading volume of 86,502 shares, compared to its average volume of 127,584. Spirax-Sarco Engineering has a fifty-two week low of GBX 4,076 ($54.59) and a fifty-two week high of GBX 5,995 ($80.29).
In other Spirax-Sarco Engineering news, insider Neil H. Daws sold 1,200 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of GBX 5,860 ($78.48), for a total transaction of £70,320 ($94,174.37). Also, insider Jamie Pike acquired 1,720 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were bought at an average cost of GBX 5,825 ($78.01) per share, with a total value of £100,190 ($134,177.05).
About Spirax-Sarco Engineering
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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