Spirax-Sarco Engineering plc (SPX) Rating Reiterated by Peel Hunt
Spirax-Sarco Engineering plc (LON:SPX)‘s stock had its “add” rating restated by research analysts at Peel Hunt in a report released on Tuesday. They presently have a GBX 6,000 ($79.18) target price on the stock. Peel Hunt’s target price suggests a potential upside of 6.19% from the company’s previous close.
Several other equities analysts also recently issued reports on the company. Deutsche Bank AG reissued a “buy” rating on shares of Spirax-Sarco Engineering plc in a research report on Thursday, October 12th. HSBC Holdings plc reissued a “hold” rating on shares of Spirax-Sarco Engineering plc in a research report on Friday, September 29th. Numis Securities Ltd reissued an “add” rating on shares of Spirax-Sarco Engineering plc in a research report on Thursday, August 10th. Investec reissued a “not rated” rating on shares of Spirax-Sarco Engineering plc in a research report on Wednesday, August 9th. Finally, Liberum Capital reissued a “hold” rating on shares of Spirax-Sarco Engineering plc in a research report on Wednesday, August 9th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Spirax-Sarco Engineering plc currently has a consensus rating of “Hold” and an average target price of GBX 6,000 ($79.18).
In related news, insider Nicholas John Anderson purchased 33 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were bought at an average cost of GBX 4,477 ($59.08) per share, with a total value of £1,477.41 ($1,949.60).
Spirax-Sarco Engineering plc 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.
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