Numis Securities Ltd Reiterates Add Rating for Spirax-Sarco Engineering plc (SPX)
Spirax-Sarco Engineering plc (LON:SPX)‘s stock had its “add” rating restated by investment analysts at Numis Securities Ltd in a note issued to investors on Friday. They currently have a GBX 3,050 ($51.32) target price on the stock. Numis Securities Ltd’s price target points to a potential upside of 8.25% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Spirax-Sarco Engineering plc in a research note on Friday. They now have a GBX 3,030 ($50.98) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Spirax-Sarco Engineering plc in a research note on Friday. They now have a GBX 2,850 ($47.96) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Spirax-Sarco Engineering plc in a research note on Thursday. Seven investment 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 target price of GBX 2,825 ($47.53).
Spirax-Sarco Engineering plc (LON:SPX) traded up 0.88% during mid-day trading on Friday, hitting GBX 2817.656. 234,822 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 has a 50-day moving average of GBX 2722.40 and a 200-day moving average of GBX 2869.41. The company’s market cap is £2.126 billion.
The company also recently declared a dividend, which is scheduled for Friday, November 7th. Stockholders 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.
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company specialising in steam and pump technology.
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