Spirax-Sarco Engineering plc Earns Outperform Rating from RBC Capital (SPX)
Spirax-Sarco Engineering plc (LON:SPX)‘s stock had its “outperform” rating restated by analysts at RBC Capital in a research report issued to clients and investors on Tuesday. They currently have a GBX 3,250 ($53.78) price target on the stock. RBC Capital’s price target points to a potential upside of 8.73% from the stock’s previous close.
Spirax-Sarco Engineering plc (LON:SPX) opened at 3005.00 on Tuesday. 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 2770. and a 200-day moving average of GBX 2869.85. The company’s market cap is £2.267 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 ($0.32) per share. This represents a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th.
A number of other analysts have also recently weighed in on SPX. Analysts at Investec downgraded shares of Spirax-Sarco Engineering plc to an “add” rating in a research note on Monday, August 11th. They now have a GBX 2,920 ($48.32) 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, August 8th. They now have a GBX 3,050 ($50.47) 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, August 8th. They now have a GBX 3,030 ($50.14) 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 company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 2,832.92 ($46.88).
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company specialising in steam and pump technology.
Receive News & Ratings for Spirax-Sarco Engineering plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirax-Sarco Engineering plc and related companies with Analyst Ratings Network's FREE daily email newsletter.