Numis Securities Lowers Spirax-Sarco Engineering (SPX) to Hold
Spirax-Sarco Engineering (LON:SPX) was downgraded by Numis Securities to a “hold” rating in a research report issued to clients and investors on Tuesday. They currently have a GBX 6,000 ($80.75) price target on the stock. Numis Securities’ price target would indicate a potential upside of 5.91% from the stock’s current price.
Several other analysts have also issued reports on the stock. Deutsche Bank reiterated a “buy” rating and issued a GBX 6,530 ($87.89) target price on shares of Spirax-Sarco Engineering in a research report on Monday. J P Morgan Chase & Co lowered their price target on shares of Spirax-Sarco Engineering from GBX 5,800 ($78.06) to GBX 5,700 ($76.72) and set a “neutral” rating on the stock in a research report on Monday. Barclays assumed coverage on shares of Spirax-Sarco Engineering in a research report on Friday. They set an “equal weight” rating and a GBX 6,100 ($82.10) price target on the stock. Jefferies Group boosted their price target on shares of Spirax-Sarco Engineering from GBX 5,945 ($80.01) to GBX 6,010 ($80.89) and gave the stock a “hold” rating in a research report on Tuesday, November 28th. Finally, Liberum Capital restated a “hold” rating and set a GBX 5,070 ($68.24) price target on shares of Spirax-Sarco Engineering in a research report on Tuesday, November 21st. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 5,915.71 ($79.62).
Shares of Spirax-Sarco Engineering (LON:SPX) traded down GBX 35 ($0.47) during midday trading on Tuesday, hitting GBX 5,665 ($76.24). 178,338 shares of the stock traded hands, compared to its average volume of 134,448. Spirax-Sarco Engineering has a 1-year low of GBX 4,076 ($54.86) and a 1-year high of GBX 5,995 ($80.69).
Spirax-Sarco Engineering 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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