Spirax-Sarco Engineering plc Given Average Rating of “Hold” by Brokerages (LON:SPX)
Spirax-Sarco Engineering plc (LON:SPX) has been given a consensus rating of “Hold” by the thirteen analysts that are covering the stock, American Banking News reports. Seven research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 2,825 ($47.39).
Shares of Spirax-Sarco Engineering plc (LON:SPX) opened at 2817.656 on Thursday. 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 2722.40 and its 200-day moving average is GBX 2869.41. The company’s market cap is £2.120 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.
A number of research firms have recently commented on SPX. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of Spirax-Sarco Engineering plc in a research note on Friday. They now have a GBX 3,050 ($51.17) price target on the stock. Separately, 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 ($50.83) price target on the stock. Finally, 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 ($47.81) price target on the stock.
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company specialising in steam and pump technology.
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