Spirax-Sarco Engineering (SPX) Receives New Coverage from Analysts at Barclays
Barclays assumed coverage on shares of Spirax-Sarco Engineering (LON:SPX) in a research note published on Friday morning. The brokerage issued an equal weight rating and a GBX 6,100 ($81.69) price objective on the stock.
Other analysts have also recently issued reports about the company. Investec reissued a not rated rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 9th. Peel Hunt reissued an add rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 9th. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 5,800 ($77.68) target price on shares of Spirax-Sarco Engineering in a research report on Wednesday, November 22nd. Liberum Capital reissued a hold rating and issued a GBX 5,070 ($67.90) target price on shares of Spirax-Sarco Engineering in a research report on Tuesday, November 21st. Finally, reissued a hold rating on shares of Spirax-Sarco Engineering in a research report 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 presently 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 90 ($1.21) during trading hours on Friday, hitting GBX 5,675 ($76.00). The stock had a trading volume of 168,335 shares, compared to its average volume of 127,584. Spirax-Sarco Engineering has a twelve month low of GBX 4,076 ($54.59) and a twelve month high of GBX 5,995 ($80.29).
In related news, insider Nicholas John Anderson acquired 33 shares of Spirax-Sarco Engineering stock in a transaction on Wednesday, October 11th. The stock was purchased at an average cost of GBX 4,477 ($59.96) per share, with a total value of £1,477.41 ($1,978.59). Also, insider Neil H. Daws sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of GBX 5,860 ($78.48), for a total value of £70,320 ($94,174.37).
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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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