Spirax-Sarco Engineering (SPX) Receives “Hold” Rating from Numis Securities

Numis Securities restated their hold rating on shares of Spirax-Sarco Engineering (LON:SPX) in a report issued on Wednesday morning. The firm currently has a GBX 6,000 ($82.90) price objective on the stock.

SPX has been the topic of several other research reports. Deutsche Bank reiterated a buy rating and issued a GBX 6,530 ($90.22) price target on shares of Spirax-Sarco Engineering in a report on Monday, December 4th. Jefferies Group increased their price target on Spirax-Sarco Engineering from GBX 5,945 ($82.14) to GBX 6,010 ($83.03) and gave the stock a hold rating in a report on Tuesday, November 28th. Barclays reiterated an overweight rating and issued a GBX 6,100 ($84.28) price target on shares of Spirax-Sarco Engineering in a report on Monday, December 18th. JPMorgan Chase & Co. cut their price target on Spirax-Sarco Engineering from GBX 5,800 ($80.13) to GBX 5,700 ($78.75) and set a neutral rating on the stock in a report on Monday, December 4th. Finally, Peel Hunt reiterated an add rating and issued a GBX 6,000 ($82.90) price target on shares of Spirax-Sarco Engineering in a report on Tuesday, October 31st. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Spirax-Sarco Engineering currently has an average rating of Hold and an average price target of GBX 5,930 ($81.93).

Spirax-Sarco Engineering (SPX) opened at GBX 5,580 ($77.09) on Wednesday. The stock has a market capitalization of $4,100.00 and a P/E ratio of 3,152.54. Spirax-Sarco Engineering has a fifty-two week low of GBX 4,350 ($60.10) and a fifty-two week high of GBX 5,995 ($82.83).

In related news, insider Jamie Pike acquired 1,720 shares of the stock in a transaction dated Tuesday, November 21st. The stock was purchased at an average cost of GBX 5,825 ($80.48) per share, with a total value of £100,190 ($138,422.22). Also, insider Neil H. Daws sold 1,200 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of GBX 5,860 ($80.96), for a total value of £70,320 ($97,153.91).

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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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