Spirax-Sarco Engineering plc Receives Hold Rating from Jefferies Group (SPX)
Spirax-Sarco Engineering plc (LON:SPX)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Group in a report issued on Monday, Analyst Ratings Net reports. They currently have a GBX 3,285 ($55.33) price objective on the stock. Jefferies Group’s price target suggests a potential upside of 17.41% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC reiterated an “overweight” rating on shares of Spirax-Sarco Engineering plc in a research note on Wednesday, April 9th. They now have a GBX 3,350 ($56.43) price target on the stock. Separately, analysts at RBC Capital initiated coverage on shares of Spirax-Sarco Engineering plc in a research note on Thursday, April 3rd. They set an “outperform” rating and a GBX 3,250 ($54.74) price target on the stock. Finally, analysts at Arden Partners Ltd downgraded shares of Spirax-Sarco Engineering plc to a “neutral” rating in a research note on Friday, March 28th. They now have a GBX 3,000 ($50.53) price target on the stock. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 2,880.91 ($48.52).
Shares of Spirax-Sarco Engineering plc (LON:SPX) opened at 2797.8767 on Monday. Spirax-Sarco Engineering plc has a one year low of GBX 2535.00 and a one year high of GBX 3214.00. The stock has a 50-day moving average of GBX 2915. and a 200-day moving average of GBX 2926.. The company’s market cap is £2.105 billion.
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company specialising in steam and pump technology.
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