Westhouse Securities Initiates Coverage on Spirax-Sarco Engineering (SPX)
Equities researchers at Westhouse Securities started coverage on shares of Spirax-Sarco Engineering (LON:SPX) in a research report issued on Tuesday, Analyst Ratings Network.com reports. The firm set a “buy” rating and a GBX 70 ($1.12) price target on the stock. Westhouse Securities’ price target points to a potential downside of 97.65% from the company’s current price.
A number of other firms have also recently commented on SPX. Analysts at Investec raised their price target on shares of Spirax-Sarco Engineering (LON:SPX) from GBX 3,050 ($48.85) to GBX 3,150 ($50.46) in a research note to investors on Wednesday, September 18th. They now have a “hold” rating on the stock. Separately, analysts at Bank of America Corp. reiterated a “neutral” rating on shares of Spirax-Sarco Engineering (LON:SPX) in a research note to investors on Tuesday, September 17th. Finally, analysts at Citigroup Inc. downgraded shares of Spirax-Sarco Engineering (LON:SPX) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, September 12th. They now have a GBX 3,040 ($48.69) price target on the stock, up previously from GBX 2,905 ($46.53).
Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Spirax-Sarco Engineering presently has an average rating of “Hold” and an average price target of GBX 2,444.39 ($39.15).
Spirax-Sarco Engineering (LON:SPX) traded up 0.30% on Tuesday, hitting GBX 2987.00. The stock had a trading volume of 47,515 shares. Spirax-Sarco Engineering has a 1-year low of GBX 1971.129 and a 1-year high of GBX 3155.884. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0.. The company’s market cap is £2.236 billion.
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company. It comprises the two businesses: Spirax Sarco for steam specialties and Watson-Marlow for peristaltic and pumps.
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