Spirax-Sarco Engineering’s Overweight Rating Reaffirmed at JPMorgan Chase & Co. (SPX)
Spirax-Sarco Engineering (LON:SPX)‘s stock had its “overweight” rating reiterated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday, American Banking & Market News reports. They currently have a GBX 3,375 ($55.36) target price on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 14.17% from the stock’s previous close.
Shares of Spirax-Sarco Engineering (LON:SPX) traded down 1.00% on Tuesday, hitting GBX 2956.00. 88,359 shares of the company’s stock traded hands. Spirax-Sarco Engineering has a 1-year low of GBX 2321.45 and a 1-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 £2.213 billion.
A number of other firms have also recently commented on SPX. 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. Separately, 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. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a research note to investors on Friday, November 15th. They now have a GBX 3,150 ($51.66) price target on the stock. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.