Spirax-Sarco Engineering plc (SPX) Given Average Rating of “Hold” by Brokerages
Spirax-Sarco Engineering plc (LON:SPX) has earned an average rating of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 6,506.82 ($85.02).
Several research firms have recently issued reports on SPX. Royal Bank of Canada cut Spirax-Sarco Engineering to an “underperform” rating and lowered their price objective for the stock from GBX 7,400 ($96.69) to GBX 6,400 ($83.63) in a research report on Tuesday, November 20th. Goldman Sachs Group decreased their target price on Spirax-Sarco Engineering from GBX 6,550 ($85.59) to GBX 6,445 ($84.22) and set a “neutral” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. decreased their target price on Spirax-Sarco Engineering from GBX 6,300 ($82.32) to GBX 6,000 ($78.40) and set a “neutral” rating for the company in a research report on Tuesday, December 4th. Morgan Stanley decreased their target price on Spirax-Sarco Engineering from GBX 6,260 ($81.80) to GBX 6,190 ($80.88) and set an “equal weight” rating for the company in a research report on Wednesday, December 5th. Finally, Peel Hunt reissued an “add” rating on shares of Spirax-Sarco Engineering in a research report on Thursday, November 15th.
Shares of SPX stock traded down GBX 105 ($1.37) on Friday, hitting GBX 6,405 ($83.69). The stock had a trading volume of 141,736 shares, compared to its average volume of 143,754. Spirax-Sarco Engineering has a 1 year low of GBX 4,681 ($61.17) and a 1 year high of GBX 6,155 ($80.43).
Spirax-Sarco Engineering plc provides engineered solutions for users of industrial and commercial steam systems, electrical heating and temperature management systems, and process fluid paths and pumping systems. It offers condensate management products, such as steam traps, condensate return pumps, and isolation valves; controls, including automatic control valves, pressure regulators, and temperature controls; and thermal energy management products comprising metering products, boiler house products, heat transfer packages, and energy services.
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