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).
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).
TRADEMARK VIOLATION WARNING: “Spirax-Sarco Engineering (LON:SPX) Price Target Raised to GBX 6,500 at Royal Bank of Canada” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/07/spirax-sarco-engineering-spx-price-target-increased-to-gbx-6500-by-analysts-at-royal-bank-of-canada.html.
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.
Receive News & Ratings for Spirax-Sarco Engineering Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirax-Sarco Engineering and related companies with MarketBeat.com's FREE daily email newsletter.