Spirax-Sarco Engineering Rating Reiterated by Numis Securities Ltd (SPX)
Spirax-Sarco Engineering (LON:SPX)‘s stock had its “add” rating reaffirmed by research analysts at Numis Securities Ltd in a report released on Wednesday, Stock Ratings Network.com reports. They currently have a GBX 3,200 ($52.50) target price on the stock. Numis Securities Ltd’s target price points to a potential upside of 12.17% from the stock’s previous close.
SPX has been the subject of a number of other recent research reports. Analysts at HSBC reiterated an “overweight” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday. They now have a GBX 3,350 ($54.96) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Spirax-Sarco Engineering in a research note on Monday. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Spirax-Sarco Engineering has a consensus rating of “Hold” and an average target price of GBX 2,570.47 ($42.17).
Spirax-Sarco Engineering (LON:SPX) traded up 0.70% during mid-day trading on Wednesday, hitting GBX 2880.00. The stock had a trading volume of 37,228 shares. Spirax-Sarco Engineering has a 1-year low of GBX 2442.4609 and a 1-year high of GBX 3214.00. The stock has a 50-day moving average of GBX 2944.35 and a 200-day moving average of GBX 2940.82. The company’s market cap is £2.156 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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