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Research analysts at Investec raised their price target on shares of Spirax-Sarco Engineering (LON:SPX) from GBX 3,150 ($51.91) to GBX 3,425 ($56.44) in a report released on Monday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Investec’s price target would indicate a potential upside of 16.40% from the company’s current price.

Shares of Spirax-Sarco Engineering (LON:SPX) opened at 2958.00 on Monday. Spirax-Sarco Engineering has a 52 week low of GBX 2321.45 and a 52 week high of GBX 3155.884. The stock’s 50-day moving average is GBX 2911. and its 200-day moving average is GBX 2915.11. The company’s market cap is £2.214 billion.

SPX has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Spirax-Sarco Engineering in a research note to investors on Wednesday, January 8th. They now have a GBX 3,200 ($52.74) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Spirax-Sarco Engineering in a research note to investors on Tuesday, January 7th. They now have a GBX 3,375 ($55.62) price target on the stock. Finally, 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 ($49.93) price target on the stock. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Spirax-Sarco Engineering currently has an average rating of “Hold” and a consensus target price of GBX 2,599.07 ($42.83).

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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