Spirax-Sarco Engineering plc (SPX) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Spirax-Sarco Engineering plc (LON:SPX) have been assigned an average rating of “Hold” from the eight analysts that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 4,000 ($50.60).
Several research firms have recently issued reports on SPX. Liberum Capital reaffirmed a “hold” rating on shares of Spirax-Sarco Engineering plc in a research report on Tuesday, May 9th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Spirax-Sarco Engineering plc in a research report on Tuesday, March 7th. Deutsche Bank AG reissued a “buy” rating on shares of Spirax-Sarco Engineering plc in a research report on Wednesday, May 3rd. Finally, Numis Securities Ltd cut shares of Spirax-Sarco Engineering plc to a “hold” rating in a research report on Tuesday, May 9th.
In related news, insider Kevin Boyd purchased 1,000 shares of Spirax-Sarco Engineering plc stock in a transaction that occurred on Monday, June 12th. The stock was purchased at an average cost of GBX 5,401 ($68.32) per share, with a total value of £54,010 ($68,323.85). Also, insider James Whalen sold 3,585 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of GBX 4,786 ($60.54), for a total transaction of £171,578.10 ($217,050.09).
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Shares of Spirax-Sarco Engineering plc (LON SPX) traded up 3.59% during mid-day trading on Friday, hitting GBX 5480.00. The stock had a trading volume of 532,085 shares. Spirax-Sarco Engineering plc has a 12 month low of GBX 3,250.00 and a 12 month high of GBX 5,815.00. The firm’s market cap is GBX 4.02 billion. The stock’s 50-day moving average is GBX 5,357.50 and its 200 day moving average is GBX 4,724.21.
About Spirax-Sarco Engineering plc
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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