Spirax-Sarco Engineering plc’s Outperform Rating Reaffirmed at RBC Capital (SPX)
Spirax-Sarco Engineering plc (LON:SPX)‘s stock had its “outperform” rating reaffirmed by investment analysts at RBC Capital in a note issued to investors on Wednesday. They currently have a GBX 3,250 ($55.17) target price on the stock. RBC Capital’s price objective would indicate a potential upside of 14.62% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Spirax-Sarco Engineering plc in a research note on Monday. They now have a GBX 3,030 ($51.43) 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 Thursday, May 22nd. They now have a GBX 3,300 ($56.02) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of Spirax-Sarco Engineering plc in a research note on Tuesday, May 20th. They now have a GBX 3,200 ($54.32) price target on the stock. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 2,905.83 ($49.33).
Spirax-Sarco Engineering plc (LON:SPX) opened at 2840.6001 on Wednesday. Spirax-Sarco Engineering plc has a 1-year low of GBX 2535.00 and a 1-year high of GBX 3214.00. The stock’s 50-day moving average is GBX 2898.07 and its 200-day moving average is GBX 2922.39. The company’s market cap is £2.137 billion.
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company specialising in steam and pump technology.
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