Spirax-Sarco Engineering (LON:SPX)‘s stock had its “hold” rating restated by investment analysts at Jefferies Group in a note issued to investors on Thursday, Stock Ratings Network reports. They currently have a GBX 3,150 ($50.50) target price on the stock. Jefferies Group’s price objective suggests a potential upside of 6.99% from the stock’s previous close.
Shares of Spirax-Sarco Engineering (LON:SPX) opened at 2963.00 on Thursday. Spirax-Sarco Engineering has a 52-week low of GBX 2128.8459 and a 52-week high of GBX 3155.884. The stock has a 50-day moving average of GBX 2948.18 and a 200-day moving average of GBX 2856.63. The company’s market cap is £2.218 billion.
A number of other firms have also recently commented on SPX. Analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of Spirax-Sarco Engineering in a research note to investors on Thursday. They now have a GBX 2,800 ($44.89) price target on the stock. Separately, analysts at Investec upgraded shares of Spirax-Sarco Engineering to a “buy” rating in a research note to investors on Thursday. They now have a GBX 3,150 ($50.50) price target on the stock. Finally, analysts at HSBC initiated coverage on shares of Spirax-Sarco Engineering in a research note to investors on Thursday, October 31st. They set an “overweight” rating and a GBX 3,350 ($53.70) price target on the stock. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 2,542.29 ($40.75).
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company. It comprises the two businesses: Spirax Sarco for steam specialties and Watson-Marlow for peristaltic and pumps.
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