Spirax-Sarco Engineering plc (LON:SPX) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the firm. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 4,000 ($50.35).
Several analysts have recently weighed in on SPX shares. Deutsche Bank AG reiterated a “buy” rating on shares of Spirax-Sarco Engineering plc in a research note on Friday, March 10th. Liberum Capital reiterated a “hold” rating on shares of Spirax-Sarco Engineering plc in a research note on Monday, April 3rd. Bank of America Corp upgraded shares of Spirax-Sarco Engineering plc to a “buy” rating in a research note on Wednesday, January 11th. Numis Securities Ltd lowered shares of Spirax-Sarco Engineering plc to a “hold” rating in a research note on Thursday, March 9th. Finally, BNP Paribas reiterated a “neutral” rating on shares of Spirax-Sarco Engineering plc in a research note on Friday, February 10th.
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Shares of Spirax-Sarco Engineering plc (LON:SPX) traded up 0.58% during midday trading on Friday, hitting GBX 5160.00. 170,413 shares of the company’s stock traded hands. The company has a 50 day moving average price of GBX 4,842.22 and a 200 day moving average price of GBX 4,468.56. Spirax-Sarco Engineering plc has a 1-year low of GBX 3,250.00 and a 1-year high of GBX 5,165.00. The firm’s market capitalization is GBX 3.79 billion.
The company also recently disclosed a dividend, which will be paid on Friday, May 26th. Shareholders of record on Thursday, April 27th will be issued a dividend of GBX 53.50 ($0.67) per share. This represents a yield of 1.16%. This is an increase from Spirax-Sarco Engineering plc’s previous dividend of $22.50. The ex-dividend date of this dividend is Thursday, April 27th.
In related news, insider James Whalen sold 3,585 shares of the business’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of GBX 4,786 ($60.24), for a total value of £171,578.10 ($215,957.33). Also, insider Jane Kingston purchased 1,080 shares of the business’s stock in a transaction that occurred on Thursday, March 16th. The stock was bought at an average cost of GBX 4,787 ($60.25) per share, for a total transaction of £51,699.60 ($65,071.87).
Spirax-Sarco Engineering plc 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.
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