Spirax-Sarco Engineering plc (SPX) Given Consensus Recommendation of “Hold” by Analysts

Spirax-Sarco Engineering plc (LON:SPX) has been assigned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 6,262.86 ($83.38).

A number of research firms have recently issued reports on SPX. Royal Bank of Canada upped their price objective on Spirax-Sarco Engineering from GBX 6,200 ($82.55) to GBX 6,500 ($86.54) and gave the stock an “outperform” rating in a report on Friday, March 16th. Barclays upped their price objective on Spirax-Sarco Engineering from GBX 6,100 ($81.21) to GBX 6,300 ($83.88) and gave the stock an “equal weight” rating in a report on Friday, March 16th. Deutsche Bank reiterated a “buy” rating and issued a GBX 6,530 ($86.94) price objective on shares of Spirax-Sarco Engineering in a report on Wednesday, April 11th. Morgan Stanley upped their price objective on Spirax-Sarco Engineering from GBX 6,410 ($85.34) to GBX 6,580 ($87.60) and gave the stock an “overweight” rating in a report on Tuesday, March 20th. Finally, HSBC reiterated a “hold” rating and issued a GBX 6,300 ($83.88) price objective on shares of Spirax-Sarco Engineering in a report on Wednesday, March 28th.

Spirax-Sarco Engineering opened at GBX 6,520 ($86.81) on Tuesday, according to MarketBeat. Spirax-Sarco Engineering has a 12-month low of GBX 4,681 ($62.32) and a 12-month high of GBX 6,155 ($81.95).

In other Spirax-Sarco Engineering news, insider Jane Kingston purchased 1,500 shares of the stock in a transaction on Wednesday, April 4th. The stock was acquired at an average price of GBX 5,645 ($75.16) per share, with a total value of £84,675 ($112,734.66). Also, insider Peter France purchased 821 shares of the stock in a transaction on Wednesday, May 16th. The shares were acquired at an average cost of GBX 6,085 ($81.01) per share, with a total value of £49,957.85 ($66,512.91).

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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