Shares of Spirax-Sarco Engineering plc (LON:SPX) have earned an average recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 5,915.71 ($79.62).
SPX has been the subject of several recent research reports. Deutsche Bank reiterated a “buy” rating on shares of Spirax-Sarco Engineering in a research note on Thursday, October 12th. Liberum Capital reiterated a “hold” rating and set a GBX 5,070 ($68.24) target price on shares of Spirax-Sarco Engineering in a research note on Tuesday, November 21st. Jefferies Group increased their target price 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 note on Tuesday, November 28th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 5,800 ($78.06) target price on shares of Spirax-Sarco Engineering in a research note on Wednesday, November 22nd. Finally, Peel Hunt reiterated an “add” rating and set a GBX 6,000 ($80.75) target price on shares of Spirax-Sarco Engineering in a research note on Tuesday, October 31st.
In other news, insider Neil H. Daws sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of GBX 5,860 ($78.87), for a total transaction of £70,320 ($94,643.34). Also, insider Nicholas John Anderson acquired 33 shares of the company’s stock in a transaction dated Wednesday, October 11th. The shares were acquired at an average cost of GBX 4,477 ($60.26) per share, with a total value of £1,477.41 ($1,988.44).
About Spirax-Sarco Engineering
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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