Spirax-Sarco Engineering plc Receives Outperform Rating from Credit Suisse (SPX)
Spirax-Sarco Engineering plc (LON:SPX)‘s stock had its “outperform” rating reiterated by analysts at Credit Suisse in a research report issued to clients and investors on Friday. They currently have a GBX 3,030 ($50.98) target price on the stock. Credit Suisse’s price objective would suggest a potential upside of 7.54% from the company’s current price.
SPX has been the subject of a number of other recent research reports. 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. Separately, analysts at Investec reiterated a “buy” rating on shares of Spirax-Sarco Engineering plc in a research note on Thursday. Finally, analysts at Investec cut their price target on shares of Spirax-Sarco Engineering plc from GBX 3,210 ($54.01) to GBX 2,920 ($49.13) in a research note on Tuesday, July 22nd. They now have a “buy” 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 stock. Spirax-Sarco Engineering plc currently has an average rating of “Hold” and an average 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 1-year low of GBX 2548.00 and a 1-year 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 announced a dividend, which is scheduled for Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a dividend of GBX 19.50 ($0.33) per share. This represents a dividend yield of 0.7%. The ex-dividend date 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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