Spirax-Sarco Engineering plc’s Buy Rating Reaffirmed at Investec (SPX)
Spirax-Sarco Engineering plc (LON:SPX)‘s stock had its “buy” rating reaffirmed by investment analysts at Investec in a note issued to investors on Tuesday. They currently have a GBX 3,210 ($53.99) target price on the stock. Investec’s price objective would suggest a potential upside of 15.01% from the stock’s previous close.
A number of other firms have also recently commented on SPX. 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. Separately, 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 2,899.09 ($48.77).
Shares of Spirax-Sarco Engineering plc (LON:SPX) opened at 2843.00 on Tuesday. Spirax-Sarco Engineering plc has a 1-year low of GBX 2535.00 and a 1-year high of GBX 3214.00. The stock has a 50-day moving average of GBX 2914.63 and a 200-day moving average of GBX 2925.13. The company’s market cap is £2.139 billion.
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company specialising in steam and pump technology.
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