Spirax-Sarco Engineering plc Stock Rating Reaffirmed by Jefferies Group (SPX)
Spirax-Sarco Engineering plc (LON:SPX)‘s stock had its “hold” rating restated by equities researchers at Jefferies Group in a research report issued on Friday. They currently have a GBX 2,850 ($47.96) target price on the stock. Jefferies Group’s price target would indicate a potential upside of 1.15% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “buy” rating on shares of Spirax-Sarco Engineering plc in a research note on Thursday. Separately, analysts at Credit Suisse upgraded shares of Spirax-Sarco Engineering plc to an “outperform” rating in a research note on Tuesday, July 22nd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 2,825 ($47.53).
Shares of Spirax-Sarco Engineering plc (LON:SPX) traded up 0.88% on Friday, hitting GBX 2817.656. 234,822 shares of the company’s stock traded hands. Spirax-Sarco Engineering plc has a one year low of GBX 2548.00 and a one year high of GBX 3214.00. The stock’s 50-day moving average is GBX 2722.40 and its 200-day moving average is 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. 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.
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company specialising in steam and pump technology.
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