Spirax-Sarco Engineering (LON:SPX)‘s stock had its “neutral” rating reiterated by analysts at Espirito Santo Investment Bank Research in a research report issued to clients and investors on Thursday, Analyst RN reports. They currently have a GBX 3,000 ($48.69) price objective on the stock. Espirito Santo Investment Bank Research’s price objective suggests a potential upside of 2.65% from the company’s current price.
Shares of Spirax-Sarco Engineering (LON:SPX) traded up 0.58% on Thursday, hitting GBX 2936.00. 104,253 shares of the company’s stock traded hands. Spirax-Sarco Engineering has a 1-year low of GBX 2227.50 and a 1-year high of GBX 3155.884. The stock has a 50-day moving average of GBX 2916.16 and a 200-day moving average of GBX 2886.34. The company’s market cap is £2.198 billion.
A number of other analysts have also recently weighed in on SPX. Analysts at Jefferies Group reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a research note to investors on Friday, November 15th. They now have a GBX 3,150 ($51.13) price target on the stock. Separately, analysts at Numis Securities Ltd downgraded shares of Spirax-Sarco Engineering to a “hold” rating in a research note to investors on Friday, November 15th. They now have a GBX 3,200 ($51.94) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Spirax-Sarco Engineering in a research note to investors on Monday, November 11th. They now have a GBX 3,030 ($49.18) price target on the stock. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 2,579.43 ($41.87).
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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