Spirax-Sarco Engineering plc (LON:SPX) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Spirax-Sarco Engineering plc (LON:SPX) have been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 4,000 ($51.81).
A number of research firms recently commented on SPX. Deutsche Bank AG reiterated a “buy” rating on shares of Spirax-Sarco Engineering plc in a report on Monday. J P Morgan Chase & Co restated a “neutral” rating on shares of Spirax-Sarco Engineering plc in a report on Monday, July 3rd. Liberum Capital restated a “hold” rating on shares of Spirax-Sarco Engineering plc in a report on Friday, May 26th. Numis Securities Ltd lowered shares of Spirax-Sarco Engineering plc to a “hold” rating in a report on Tuesday, May 9th. Finally, Peel Hunt restated an “add” rating on shares of Spirax-Sarco Engineering plc in a report on Tuesday, May 9th.
Spirax-Sarco Engineering plc (LON:SPX) traded up 0.37% during midday trading on Tuesday, hitting GBX 5485.00. 126,448 shares of the stock traded hands. The stock’s 50-day moving average price is GBX 5,412.66 and its 200 day moving average price is GBX 4,808.34. The company’s market capitalization is GBX 4.03 billion. Spirax-Sarco Engineering plc has a 52 week low of GBX 3,720.00 and a 52 week high of GBX 5,815.00.
In other Spirax-Sarco Engineering plc news, insider Kevin Boyd acquired 1,000 shares of the stock in a transaction dated Monday, June 12th. The shares were purchased at an average price of GBX 5,401 ($69.96) per share, for a total transaction of £54,010 ($69,961.14).
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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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