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UBS AG started coverage on shares of Spirax-Sarco Engineering plc (LON:SPX) in a research note issued on Friday, Analyst RN reports. The firm set a “buy” rating and a GBX 3,250 ($54.47) price target on the stock. UBS AG’s price objective indicates a potential upside of 7.68% from the company’s current price.

Shares of Spirax-Sarco Engineering plc (LON:SPX) opened at 3018.2881 on Friday. Spirax-Sarco Engineering plc has a one year low of GBX 2460.115 and a one year high of GBX 3214.00. The stock’s 50-day moving average is GBX 2937. and its 200-day moving average is GBX 2943.88. The company’s market cap is £2.259 billion.

A number of other analysts have also recently weighed in on SPX. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Spirax-Sarco Engineering plc in a research note on Wednesday, February 12th. They now have a GBX 3,200 ($53.63) 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, February 11th. They now have a GBX 3,350 ($56.14) 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, February 10th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 2,858.71 ($47.91).

Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company specialising in steam and pump technology.

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