Spirax-Sarco Engineering (SPX) Receives Buy Rating from Deutsche Bank

Deutsche Bank restated their buy rating on shares of Spirax-Sarco Engineering (LON:SPX) in a report issued on Wednesday. Deutsche Bank currently has a GBX 6,530 ($92.30) price target on the stock.

Other research analysts have also issued reports about the company. Jefferies Group restated a hold rating and issued a GBX 6,010 ($84.95) target price on shares of Spirax-Sarco Engineering in a research note on Thursday, February 22nd. Peel Hunt boosted their target price on Spirax-Sarco Engineering from GBX 6,000 ($84.81) to GBX 6,250 ($88.34) and gave the company an add rating in a research note on Wednesday, March 21st. Morgan Stanley boosted their target price on Spirax-Sarco Engineering from GBX 6,580 ($93.00) to GBX 6,600 ($93.29) and gave the company an overweight rating in a research note on Wednesday, April 4th. Liberum Capital restated a hold rating and issued a GBX 5,700 ($80.57) target price on shares of Spirax-Sarco Engineering in a research note on Thursday, March 15th. Finally, Numis Securities restated a hold rating and issued a GBX 6,000 ($84.81) target price on shares of Spirax-Sarco Engineering in a research note on Wednesday, February 14th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 6,167.27 ($87.17).

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SPX stock opened at GBX 5,660 ($80.00) on Wednesday. Spirax-Sarco Engineering has a 12 month low of GBX 4,681 ($66.16) and a 12 month high of GBX 6,155 ($87.00).

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 ($0.88) per share. This represents a dividend yield of 1.04%. 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.

In other Spirax-Sarco Engineering news, insider Jane Kingston acquired 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The stock was acquired at an average price of GBX 5,645 ($79.79) per share, with a total value of £84,675 ($119,681.98).

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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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