Spirax-Sarco Engineering (SPX) Receives New Coverage from Analysts at Goldman Sachs Group
Goldman Sachs Group assumed coverage on shares of Spirax-Sarco Engineering (LON:SPX) in a research note released on Wednesday. The brokerage issued a neutral rating and a GBX 5,600 ($75.37) target price on the stock.
SPX has been the subject of a number of other reports. Deutsche Bank reaffirmed a buy rating on shares of Spirax-Sarco Engineering in a report on Thursday, October 12th. J P Morgan Chase & Co decreased their price objective on Spirax-Sarco Engineering from GBX 5,800 ($78.06) to GBX 5,700 ($76.72) and set a neutral rating for the company in a report on Monday, December 4th. Jefferies Group increased their price objective on Spirax-Sarco Engineering from GBX 5,945 ($80.01) to GBX 6,010 ($80.89) and gave the company a hold rating in a report on Tuesday, November 28th. reissued a hold rating on shares of Spirax-Sarco Engineering in a report on Friday, September 29th. Finally, Liberum Capital reissued a hold rating and issued a GBX 5,070 ($68.24) price objective on shares of Spirax-Sarco Engineering in a report on Tuesday, November 21st. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 5,876.25 ($79.09).
Spirax-Sarco Engineering (SPX) opened at GBX 5,440 ($73.22) on Wednesday. Spirax-Sarco Engineering has a fifty-two week low of GBX 4,076 ($54.86) and a fifty-two week high of GBX 5,995 ($80.69).
In related news, insider Jamie Pike purchased 1,720 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average cost of GBX 5,825 ($78.40) per share, with a total value of £100,190 ($134,845.22). Also, insider Nicholas John Anderson purchased 33 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were bought at an average cost of GBX 4,477 ($60.26) per share, with a total value of £1,477.41 ($1,988.44).
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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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