Spirax-Sarco Engineering Given “Add” Rating at Numis Securities Ltd (SPX)
Spirax-Sarco Engineering (LON:SPX)‘s stock had its “add” rating restated by investment analysts at Numis Securities Ltd in a note issued to investors on Wednesday, Stock Ratings Network.com reports. They currently have a GBX 3,200 ($52.48) target price on the stock. Numis Securities Ltd’s price objective points to a potential upside of 7.82% from the company’s current price.
Shares of Spirax-Sarco Engineering (LON:SPX) traded down 1.37% during mid-day trading on Wednesday, hitting GBX 2945.00. The stock had a trading volume of 37,777 shares. Spirax-Sarco Engineering has a one year low of GBX 2321.45 and a one year high of GBX 3155.884. The stock’s 50-day moving average is GBX 2907.91 and its 200-day moving average is GBX 2914.56. The company’s market cap is £2.204 billion.
SPX has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Spirax-Sarco Engineering in a research note to investors on Tuesday. They now have a GBX 3,375 ($55.36) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Spirax-Sarco Engineering in a research note to investors on Thursday, December 12th. They now have a GBX 3,030 ($49.70) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of Spirax-Sarco Engineering in a research note to investors on Thursday, November 28th. They now have a GBX 3,000 ($49.20) price target on the stock. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 2,579.43 ($42.31).
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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