Spirax-Sarco Engineering plc Rating Reiterated by RBC Capital (SPX)
Spirax-Sarco Engineering plc (LON:SPX)‘s stock had its “outperform” rating restated by equities researchers at RBC Capital in a research report issued on Tuesday. They currently have a GBX 3,250 ($55.64) target price on the stock. RBC Capital’s price target suggests a potential upside of 23.76% from the stock’s previous close.
Shares of Spirax-Sarco Engineering plc (LON:SPX) traded up 0.23% during mid-day trading on Tuesday, hitting GBX 2630.0505. 209,687 shares of the company’s stock traded hands. Spirax-Sarco Engineering plc has a 52 week low of GBX 2548.00 and a 52 week high of GBX 3214.00. The stock’s 50-day moving average is GBX 2808.63 and its 200-day moving average is GBX 2901.13. The company’s market cap is £1.979 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Spirax-Sarco Engineering plc in a research note on Wednesday, July 9th. They now have a GBX 3,030 ($51.87) 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 Thursday, May 22nd. They now have a GBX 3,300 ($56.50) price target on the stock. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 2,905.83 ($49.75).
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company specialising in steam and pump technology.
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