Spirax-Sarco Engineering plc (LON:SPX) Insider Sells £70,320 in Stock

Spirax-Sarco Engineering plc (LON:SPX) insider Neil H. Daws sold 1,200 shares of Spirax-Sarco Engineering stock in a transaction dated Monday, November 27th. The stock was sold at an average price of GBX 5,860 ($78.87), for a total value of £70,320 ($94,643.34).

Shares of Spirax-Sarco Engineering plc (LON:SPX) opened at GBX 5,605 ($75.44) on Friday. Spirax-Sarco Engineering plc has a 12 month low of GBX 4,076 ($54.86) and a 12 month high of GBX 5,995 ($80.69).

A number of research analysts recently issued reports on the company. Numis Securities downgraded Spirax-Sarco Engineering to a “hold” rating and set a GBX 6,000 ($80.75) price target on the stock. in a report on Tuesday. J P Morgan Chase & Co reduced their price target on 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 report on Monday. Deutsche Bank restated a “buy” rating and set a GBX 6,530 ($87.89) price target on shares of Spirax-Sarco Engineering in a report on Monday. Barclays initiated coverage on Spirax-Sarco Engineering in a report on Friday, December 1st. They set an “equal weight” rating and a GBX 6,100 ($82.10) target price on the stock. Finally, reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a report on Friday, September 29th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 5,915.71 ($79.62).

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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.

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