Spirax-Sarco Engineering plc Rating Reiterated by RBC Capital (SPX)
Spirax-Sarco Engineering plc (LON:SPX)‘s stock had its “outperform” rating reiterated by equities research analysts at RBC Capital in a research note issued to investors on Thursday. They currently have a GBX 3,250 ($55.31) price target on the stock. RBC Capital’s target price would suggest a potential upside of 20.39% 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, June 16th. They now have a GBX 3,030 ($51.57) 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 ($56.16) 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 ($54.46) price target on the stock. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 2,905.83 ($49.45).
Spirax-Sarco Engineering plc (LON:SPX) traded up 0.97% on Thursday, hitting GBX 2714.00. 35,130 shares of the company’s stock traded hands. Spirax-Sarco Engineering plc has a 1-year low of GBX 2636.00 and a 1-year high of GBX 3214.00. The stock has a 50-day moving average of GBX 2878.07 and a 200-day moving average of GBX 2919.84. The company’s market cap is £2.042 billion.
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company specialising in steam and pump technology.
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