Spirax-Sarco Engineering (SPX) Stock Rating Reaffirmed by JPMorgan Chase

JPMorgan Chase restated their neutral rating on shares of Spirax-Sarco Engineering (LON:SPX) in a research report sent to investors on Wednesday.

Several other research firms have also issued reports on SPX. Numis Securities upgraded Spirax-Sarco Engineering to an add rating and set a GBX 6,350 ($86.14) price objective for the company in a research note on Friday, March 16th. Peel Hunt increased their price objective on Spirax-Sarco Engineering from GBX 6,000 ($81.39) to GBX 6,250 ($84.78) and gave the stock an add rating in a research note on Wednesday, March 21st. Deutsche Bank reiterated a buy rating and set a GBX 6,530 ($88.58) price objective on shares of Spirax-Sarco Engineering in a research note on Wednesday, April 11th. Barclays increased their price objective on Spirax-Sarco Engineering from GBX 6,100 ($82.75) to GBX 6,300 ($85.46) and gave the stock an equal weight rating in a research note on Friday, March 16th. Finally, HSBC reiterated a hold rating and set a GBX 6,300 ($85.46) price objective on shares of Spirax-Sarco Engineering in a research note on Wednesday, March 28th. 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 company currently has a consensus rating of Hold and a consensus price target of GBX 6,167.27 ($83.66).

Shares of Spirax-Sarco Engineering opened at GBX 6,110 ($82.88) on Wednesday, MarketBeat.com reports. Spirax-Sarco Engineering has a one year low of GBX 4,681 ($63.50) and a one year high of GBX 6,155 ($83.49).

The firm also recently announced a dividend, which will be paid on Friday, May 25th. Stockholders of record on Thursday, April 26th will be paid a GBX 62 ($0.84) dividend. The ex-dividend date of this dividend is Thursday, April 26th. This is a positive change 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 bought 1,500 shares of the stock in a transaction dated Wednesday, April 4th. The stock was bought at an average cost of GBX 5,645 ($76.57) per share, for a total transaction of £84,675 ($114,860.28). Also, insider Peter France bought 821 shares of the stock in a transaction dated Wednesday, May 16th. The stock was acquired at an average price of GBX 6,085 ($82.54) per share, with a total value of £49,957.85 ($67,767.02).

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions for the design, maintenance, and provision of industrial and commercial steam systems. It offers condensate management products, such as steam traps, condensate return pumps, and isolation valves; controls, including automatic control valves, pressure regulators, and temperature controls; and energy management products comprising metering products, boiler house products, heat transfer packages, and energy services.

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

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