Spirax-Sarco Engineering plc (SPX) Receives GBX 6,462.27 Consensus PT from Brokerages
Spirax-Sarco Engineering plc (LON:SPX) has earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 6,515.42 ($85.14).
SPX has been the subject of a number of recent research reports. Goldman Sachs Group decreased their price objective 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 report on Tuesday, January 8th. Morgan Stanley decreased their price objective 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 report on Wednesday, December 5th. BNP Paribas lowered Spirax-Sarco Engineering to an “underperform” rating and decreased their price objective for the stock from GBX 6,300 ($82.32) to GBX 5,700 ($74.48) in a report on Friday, January 25th. Peel Hunt reissued an “add” rating on shares of Spirax-Sarco Engineering in a report on Thursday, November 15th. Finally, Royal Bank of Canada lowered Spirax-Sarco Engineering to an “underperform” rating and decreased their price objective for the stock from GBX 7,400 ($96.69) to GBX 6,400 ($83.63) in a report on Tuesday, November 20th.
SPX stock opened at GBX 6,615 ($86.44) on Wednesday. Spirax-Sarco Engineering has a fifty-two week low of GBX 4,681 ($61.17) and a fifty-two week 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.
Further Reading: Coverage Ratio
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