Numis Securities Ltd Upgrades Spirax-Sarco Engineering plc to “Add” (SPX)
Spirax-Sarco Engineering plc (LON:SPX) was upgraded by stock analysts at Numis Securities Ltd to an “add” rating in a report issued on Tuesday. The firm currently has a GBX 3,200 ($53.83) price target on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 14.65% from the company’s current price.
Spirax-Sarco Engineering plc (LON:SPX) opened at 2849.00 on Tuesday. Spirax-Sarco Engineering plc has a 52-week low of GBX 2535.00 and a 52-week high of GBX 3214.00. The stock’s 50-day moving average is GBX 2914.63 and its 200-day moving average is GBX 2925.13. The company’s market cap is £2.144 billion.
A number of other analysts have also recently weighed in on SPX. Analysts at Investec reiterated a “buy” rating on shares of Spirax-Sarco Engineering plc in a research note on Tuesday. They now have a GBX 3,210 ($53.99) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Spirax-Sarco Engineering plc in a research note on Monday, May 12th. They now have a GBX 3,285 ($55.26) price target on the stock. Finally, 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 ($56.35) price target on the stock. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Spirax-Sarco Engineering plc currently has an average rating of “Hold” and a consensus price target of GBX 2,899.09 ($48.77).
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company specialising in steam and pump technology.
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