SPIRAX-SARCO ENG (SPXSF) Upgraded by Zacks Investment Research to Buy

SPIRAX-SARCO ENG (NASDAQ:SPXSF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm presently has a $82.00 price objective on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 10.81% from the stock’s previous close.

According to Zacks, “Spirax-Sarco Engineering plc is a multi-national engineering group. The company’s business segment consists of Spirax Sarco for steam specialties and Watson-Marlow for niche peristaltic pumps and associated fluid path technologies. Spirax-Sarco Engineering plc is headquartered in Cheltenham, the United Kingdom. “

SPIRAX-SARCO ENG (NASDAQ SPXSF) opened at 74.00 on Tuesday. The stock’s 50 day moving average is $73.25 and its 200 day moving average is $66.44. SPIRAX-SARCO ENG has a 12-month low of $50.98 and a 12-month high of $74.00. The stock has a market capitalization of $5.44 billion and a price-to-earnings ratio of 32.51.

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