Spirax-Sarco Engineering’s Neutral Rating Reaffirmed at Credit Suisse (SPX)
Spirax-Sarco Engineering (LON:SPX)‘s stock had its “neutral” rating reiterated by equities researchers at Credit Suisse in a research report issued on Monday, StockRatingsNetwork reports. They currently have a GBX 3,030 ($49.93) price target on the stock. Credit Suisse’s price objective points to a potential upside of 2.58% from the company’s current price.
A number of other analysts have also recently weighed in on SPX. Analysts at Investec raised their price target on shares of Spirax-Sarco Engineering from GBX 3,150 ($51.91) to GBX 3,425 ($56.44) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average 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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