Spirax-Sarco Engineering plc (SPX) Receives Consensus Recommendation of “Hold” from Analysts
Spirax-Sarco Engineering plc (LON:SPX) has been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the stock. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 3,639.44 ($44.36).
SPX has been the subject of a number of research reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 3,500 ($42.66) target price on shares of Spirax-Sarco Engineering plc in a report on Monday, June 27th. HSBC reaffirmed a “hold” rating and set a GBX 3,450 ($42.05) target price on shares of Spirax-Sarco Engineering plc in a report on Thursday, June 30th. BNP Paribas upped their target price on shares of Spirax-Sarco Engineering plc from GBX 3,000 ($36.56) to GBX 3,400 ($41.44) and gave the stock an “underperform” rating in a report on Wednesday, July 13th. Finally, Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 4,100 ($49.97) target price on shares of Spirax-Sarco Engineering plc in a report on Wednesday, August 10th.
In related news, insider Nicholas John Anderson bought 54 shares of the firm’s stock in a transaction on Wednesday, October 12th. The shares were bought at an average price of GBX 2,797 ($34.09) per share, with a total value of £1,510.38 ($1,840.80). Also, insider Pike,Jamie bought 1,133 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was bought at an average cost of GBX 4,413 ($53.78) per share, for a total transaction of £49,999.29 ($60,937.59).
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Spirax-Sarco Engineering plc (LON:SPX) traded down 0.11% on Wednesday, reaching GBX 4612.00. 140,764 shares of the company traded hands. The stock’s market capitalization is GBX 3.38 billion. Spirax-Sarco Engineering plc has a 1-year low of GBX 2,664.00 and a 1-year high of GBX 4,745.00. The stock has a 50 day moving average of GBX 4,463.00 and a 200-day moving average of GBX 3,906.39.
The business also recently announced a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 13th will be given a GBX 22.50 ($0.27) dividend. The ex-dividend date of this dividend is Thursday, October 13th. This represents a yield of 0.52%.
Spirax-Sarco Engineering plc Company Profile
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company. The Company’s segments include Europe, Middle East & Africa; Asia Pacific; Americas; Steam specialties business, and Watson-Marlow Fluid Technology Group (Watson-Marlow). The Company’s businesses include Spirax Sarco and Watson-Marlow.
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