Spirax-Sarco Engineering plc (SPX) Given Average Rating of “Hold” by Analysts

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.

TRADEMARK VIOLATION NOTICE: This report was reported by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://www.themarketsdaily.com/2017/04/21/spirax-sarco-engineering-plc-spx-receives-average-rating-of-hold-from-analysts-updated.html.



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.

Receive News & Ratings for Spirax-Sarco Engineering plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirax-Sarco Engineering plc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply