Spirax-Sarco Engineering plc Receives Outperform Rating from RBC Capital (SPX)
Spirax-Sarco Engineering plc (LON:SPX)‘s stock had its “outperform” rating restated by equities research analysts at RBC Capital in a research note issued to investors on Tuesday. They currently have a GBX 3,250 ($54.52) price target on the stock. RBC Capital’s price target points to a potential upside of 13.68% from the stock’s previous close.
Spirax-Sarco Engineering plc (LON:SPX) traded up 0.52% during mid-day trading on Tuesday, hitting GBX 2873.00. 207,762 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. and its 200-day moving average is GBX 2865.58. The company’s market cap is £2.168 billion.
The company also recently announced a dividend, which is scheduled for Friday, November 7th. Investors 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.
Several other analysts have also recently commented on the stock. Analysts at Investec downgraded shares of Spirax-Sarco Engineering plc to an “add” rating in a research note on Monday. They now have a GBX 2,920 ($48.99) price target on the stock. Separately, 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. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Spirax-Sarco Engineering plc currently has an average rating of “Hold” and an average target price of GBX 2,832.92 ($47.52).
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company specialising in steam and pump technology.
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