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Spirax-Sarco Engineering plc (LON:SPX)‘s stock had its “buy” rating reaffirmed by research analysts at Investec in a report released on Thursday.

Shares of Spirax-Sarco Engineering plc (LON:SPX) traded up 3.07% during mid-day trading on Thursday, hitting GBX 2774.6763. 288,788 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 2722.86 and its 200-day moving average is GBX 2869.. The company’s market cap is £2.088 billion.

The company also recently declared a dividend, which is scheduled for Friday, November 7th. Investors of record on Thursday, October 9th will be given a dividend of GBX 19.50 ($0.33) per share. This represents a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th.

Several other analysts have also recently commented on the stock. Analysts at Credit Suisse upgraded shares of Spirax-Sarco Engineering plc to an “outperform” rating in a research note on Tuesday, July 22nd. Separately, analysts at Jefferies Group cut their price target on shares of Spirax-Sarco Engineering plc from GBX 3,285 ($55.28) to GBX 2,850 ($47.96) in a research note on Tuesday, July 22nd. They now have a “hold” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 2,819.50 ($47.44).

Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company specialising in steam and pump technology.

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