Spirax-Sarco Engineering (LON:SPX) Lifted to “Add” at Numis Securities

Numis Securities upgraded shares of Spirax-Sarco Engineering (LON:SPX) to an add rating in a report issued on Friday, March 16th. They currently have GBX 6,350 ($89.14) price target on the stock.

Several other brokerages have also recently commented on SPX. Jefferies Group reissued a hold rating and issued a GBX 6,010 ($84.36) target price on shares of Spirax-Sarco Engineering in a research note on Thursday, February 22nd. Deutsche Bank reissued a buy rating and issued a GBX 6,530 ($91.66) target price on shares of Spirax-Sarco Engineering in a research note on Monday, December 4th. Liberum Capital reaffirmed a hold rating and set a GBX 5,700 ($80.01) price target on shares of Spirax-Sarco Engineering in a research report on Thursday, March 15th. JPMorgan Chase raised their price target on Spirax-Sarco Engineering from GBX 5,500 ($77.20) to GBX 5,700 ($80.01) and gave the stock a neutral rating in a research report on Friday, March 16th. Finally, Goldman Sachs started coverage on Spirax-Sarco Engineering in a research report on Wednesday, December 13th. They set a neutral rating and a GBX 5,600 ($78.61) price target on the stock. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Spirax-Sarco Engineering presently has an average rating of Hold and a consensus price target of GBX 6,167.27 ($86.57).

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LON:SPX traded down GBX 50 ($0.70) during trading hours on Friday, reaching GBX 5,645 ($79.24). The company had a trading volume of 101,383 shares, compared to its average volume of 143,754. Spirax-Sarco Engineering has a one year low of GBX 4,681 ($65.71) and a one year high of GBX 6,155 ($86.40).

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

In other Spirax-Sarco Engineering news, insider Jane Kingston acquired 1,500 shares of the business’s stock in a transaction dated Wednesday, April 4th. The stock was 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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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.

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

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