Spirax-Sarco Engineering (LON:SPX) Price Target Raised to GBX 6,500 at Royal Bank of Canada

Spirax-Sarco Engineering (LON:SPX) had its target price upped by Royal Bank of Canada from GBX 6,200 ($87.03) to GBX 6,500 ($91.24) in a report released on Friday, March 16th. The brokerage currently has an outperform rating on the stock.

A number of other brokerages also recently commented on SPX. Barclays upped their target price on Spirax-Sarco Engineering from GBX 6,100 ($85.63) to GBX 6,300 ($88.43) and gave the company an equal weight rating in a report on Friday, March 16th. JPMorgan Chase upped their target price on Spirax-Sarco Engineering from GBX 5,500 ($77.20) to GBX 5,700 ($80.01) and gave the company a neutral rating in a report on Friday, March 16th. Jefferies Group increased their price objective on Spirax-Sarco Engineering from GBX 5,945 ($83.45) to GBX 6,010 ($84.36) and gave the stock a hold rating in a report on Tuesday, November 28th. Liberum Capital reiterated a hold rating and issued a GBX 5,070 ($71.17) price objective on shares of Spirax-Sarco Engineering in a report on Tuesday, November 21st. Finally, Deutsche Bank reiterated a buy rating and issued a GBX 6,530 ($91.66) price objective on shares of Spirax-Sarco Engineering in a report on Monday, December 4th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of GBX 6,167.27 ($86.57).

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Shares of Spirax-Sarco Engineering stock traded down GBX 50 ($0.70) during midday trading on Friday, reaching GBX 5,645 ($79.24). 101,383 shares of the company’s stock traded hands, compared to its average volume of 143,754. Spirax-Sarco Engineering has a 12 month low of GBX 4,681 ($65.71) and a 12 month high of GBX 6,155 ($86.40).

The firm also recently disclosed a dividend, which will be paid on Friday, May 25th. Investors of record on Thursday, April 26th will be given a dividend of GBX 62 ($0.87) per share. The ex-dividend date of this dividend is Thursday, April 26th. This is a boost from Spirax-Sarco Engineering’s previous dividend of $25.50. This represents a dividend yield of 1.04%.

In other Spirax-Sarco Engineering news, insider Jane Kingston acquired 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 4th. The shares were bought at an average cost of GBX 5,645 ($79.24) per share, with a total value of £84,675 ($118,858.79).

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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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