Spirax-Sarco Engineering (SPX) PT Raised to GBX 5,700

Spirax-Sarco Engineering (LON:SPX) had its price objective lifted by Liberum Capital from GBX 5,070 ($68.76) to GBX 5,700 ($77.30) in a report released on Friday. The brokerage presently has a “hold” rating on the stock. Liberum Capital’s target price indicates a potential downside of 0.09% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Deutsche Bank restated a “buy” rating on shares of Spirax-Sarco Engineering in a report on Thursday, October 12th. restated a “hold” rating on shares of Spirax-Sarco Engineering in a report on Friday, September 29th. Goldman Sachs Group began coverage on Spirax-Sarco Engineering in a report on Wednesday, December 13th. They set a “neutral” rating and a GBX 5,600 ($75.94) price target on the stock. Numis Securities cut Spirax-Sarco Engineering to a “hold” rating and set a GBX 6,000 ($81.37) price target on the stock. in a report on Tuesday, December 5th. Finally, Barclays began coverage on Spirax-Sarco Engineering in a report on Friday, December 1st. They set an “equal weight” rating and a GBX 6,100 ($82.72) price target on the stock. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Spirax-Sarco Engineering currently has a consensus rating of “Hold” and a consensus price target of GBX 5,955 ($80.76).

Spirax-Sarco Engineering (LON:SPX) traded up GBX 45 ($0.61) during trading hours on Friday, hitting GBX 5,705 ($77.37). The stock had a trading volume of 129,154 shares, compared to its average volume of 129,447. The company has a market capitalization of $4,200.00 and a PE ratio of 3,223.16. Spirax-Sarco Engineering has a 52 week low of GBX 4,237 ($57.46) and a 52 week high of GBX 5,995 ($81.30).

In related news, insider Jamie Pike acquired 1,720 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were bought at an average cost of GBX 5,825 ($78.99) per share, with a total value of £100,190 ($135,869.27). Also, insider Neil H. Daws sold 1,200 shares of Spirax-Sarco Engineering stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of GBX 5,860 ($79.47), for a total value of £70,320 ($95,362.08).

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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.

Analyst Recommendations for Spirax-Sarco Engineering (LON:SPX)

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