Spirax-Sarco Engineering (SPX) Given New GBX 5,700 Price Target at Liberum Capital

Spirax-Sarco Engineering (LON:SPX) had its target price hoisted by equities researchers at Liberum Capital from GBX 5,070 ($68.76) to GBX 5,700 ($77.30) in a research note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock. Liberum Capital’s price target indicates a potential downside of 0.09% from the company’s current price.

A number of other research analysts have also weighed in on the company. Barclays restated an “overweight” rating and issued a GBX 6,100 ($82.72) price objective on shares of Spirax-Sarco Engineering in a report on Monday, December 18th. Goldman Sachs Group assumed coverage on Spirax-Sarco Engineering in a research note on Wednesday, December 13th. They issued a “neutral” rating and a GBX 5,600 ($75.94) target price for the company. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 6,530 ($88.55) target price on shares of Spirax-Sarco Engineering in a research note on Monday, December 4th. Jefferies Group raised their target price on Spirax-Sarco Engineering from GBX 5,945 ($80.62) to GBX 6,010 ($81.50) and gave the stock a “hold” rating in a research note on Tuesday, November 28th. Finally, Numis Securities downgraded Spirax-Sarco Engineering to a “hold” rating and set a GBX 6,000 ($81.37) target price for the company. in a research note on Tuesday, December 5th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Spirax-Sarco Engineering has a consensus rating of “Hold” and a consensus price target of GBX 5,955 ($80.76).

Spirax-Sarco Engineering (LON:SPX) opened at GBX 5,705 ($77.37) on Friday. The firm has a market capitalization of $4,200.00 and a price-to-earnings ratio of 3,223.16. Spirax-Sarco Engineering has a fifty-two week low of GBX 4,237 ($57.46) and a fifty-two week high of GBX 5,995 ($81.30).

In related news, insider Neil H. Daws sold 1,200 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of GBX 5,860 ($79.47), for a total transaction of £70,320 ($95,362.08). Also, insider Jamie Pike acquired 1,720 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average cost of GBX 5,825 ($78.99) per share, with a total value of £100,190 ($135,869.27).

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Spirax-Sarco Engineering 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.

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

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