Spirax-Sarco Engineering plc (LON:SPX) has been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the company. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 4,000 ($52.04).

Several brokerages have recently commented on SPX. Deutsche Bank AG restated a “buy” rating on shares of Spirax-Sarco Engineering plc in a research report on Wednesday, May 3rd. Peel Hunt restated an “add” rating on shares of Spirax-Sarco Engineering plc in a research report on Tuesday, May 9th. Numis Securities Ltd downgraded shares of Spirax-Sarco Engineering plc to a “hold” rating in a research report on Tuesday, May 9th. Liberum Capital restated a “hold” rating on shares of Spirax-Sarco Engineering plc in a research report on Tuesday, May 9th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Spirax-Sarco Engineering plc in a research report on Wednesday, May 10th.

In related news, insider Jane Kingston purchased 1,080 shares of Spirax-Sarco Engineering plc stock in a transaction on Thursday, March 16th. The shares were bought at an average cost of GBX 4,787 ($62.27) per share, for a total transaction of £51,699.60 ($67,255.89). Also, insider James Whalen sold 3,585 shares of Spirax-Sarco Engineering plc stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of GBX 4,786 ($62.26), for a total transaction of £171,578.10 ($223,205.54).

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Spirax-Sarco Engineering plc (LON:SPX) traded up 0.10% on Monday, hitting GBX 5230.00. 94,101 shares of the stock traded hands. Spirax-Sarco Engineering plc has a 52-week low of GBX 3,250.00 and a 52-week high of GBX 5,325.00. The stock’s market cap is GBX 3.84 billion. The company’s 50 day moving average price is GBX 5,144.53 and its 200-day moving average price is GBX 4,565.23.

The business also recently declared a dividend, which will be paid on Friday, May 26th. Shareholders of record on Thursday, April 27th will be issued a GBX 53.50 ($0.70) dividend. This is an increase from Spirax-Sarco Engineering plc’s previous dividend of $22.50. This represents a yield of 1.16%. The ex-dividend date of this dividend is Thursday, April 27th.

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.

12 Month Chart for LON:SPX

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