Spirax-Sarco Engineering plc Stock Rating Lowered by Numis Securities Ltd (SPX)
Spirax-Sarco Engineering plc (LON:SPX) was downgraded by equities research analysts at Numis Securities Ltd to a “hold” rating in a research note issued to investors on Monday. They currently have a GBX 3,000 ($49.78) target price on the stock. Numis Securities Ltd’s target price suggests a potential upside of 1.35% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Spirax-Sarco Engineering plc in a research note on Tuesday, August 26th. They now have a GBX 3,250 ($53.93) price target on the stock. Finally, 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 ($48.46) price target on the stock. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 2,828.75 ($46.94).
Shares of Spirax-Sarco Engineering plc (LON:SPX) opened at 2927.00 on Monday. Spirax-Sarco Engineering plc has a one year low of GBX 2548.00 and a one year high of GBX 3214.00. The stock has a 50-day moving average of GBX 2797.42 and a 200-day moving average of GBX 2872.. The company’s market cap is £2.208 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 ($0.32) 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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