Spirax-Sarco Engineering plc Receives Consensus Recommendation of “Hold” from Analysts (LON:SPX)
Shares of Spirax-Sarco Engineering plc (LON:SPX) have been given an average recommendation of “Hold” by the fifteen analysts that are currently covering the stock, American Banking News reports. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 2,570.47 ($42.17).
Spirax-Sarco Engineering plc (LON:SPX) opened at 2844.00 on Thursday. Spirax-Sarco Engineering plc has a 52-week low of GBX 2442.4609 and a 52-week high of GBX 3214.00. The stock’s 50-day moving average is GBX 2942.37 and its 200-day moving average is GBX 2941.11. The company’s market cap is £2.129 billion.
A number of research firms have recently commented on SPX. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Spirax-Sarco Engineering plc in a research note on Wednesday. They now have a GBX 3,200 ($52.50) price target on the stock. Separately, analysts at HSBC reiterated an “overweight” rating on shares of Spirax-Sarco Engineering plc in a research note on Tuesday. They now have a GBX 3,350 ($54.96) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Spirax-Sarco Engineering plc in a research note on Monday.
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company specialising in steam and pump technology.
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