Liberum Capital Boosts Spirax-Sarco Engineering (SPX) Price Target to GBX 5,700
Spirax-Sarco Engineering (LON:SPX) had its price target boosted by Liberum Capital from GBX 5,070 ($68.76) to GBX 5,700 ($77.30) in a research note released on Friday. Liberum Capital currently has a hold rating on the stock.
A number of other equities research analysts have also issued reports on the company. Barclays reaffirmed an overweight rating and issued a GBX 6,100 ($82.72) price target on shares of Spirax-Sarco Engineering in a research report on Monday, December 18th. Goldman Sachs Group began coverage on Spirax-Sarco Engineering in a research report on Wednesday, December 13th. They issued a neutral rating and a GBX 5,600 ($75.94) price target on the stock. Numis Securities lowered Spirax-Sarco Engineering to a hold rating and set a GBX 6,000 ($81.37) price target on the stock. in a research report on Tuesday, December 5th. Deutsche Bank reaffirmed a buy rating and issued a GBX 6,530 ($88.55) price target on shares of Spirax-Sarco Engineering in a research report on Monday, December 4th. Finally, JPMorgan Chase & Co. reduced their price target on Spirax-Sarco Engineering from GBX 5,800 ($78.65) to GBX 5,700 ($77.30) and set a neutral rating on the stock in a research report on Monday, December 4th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of GBX 5,955 ($80.76).
Shares of Spirax-Sarco Engineering (LON SPX) opened at GBX 5,715 ($77.50) on Friday. The stock has a market capitalization of $4,190.00 and a PE ratio of 3,228.81. Spirax-Sarco Engineering has a 12-month low of GBX 4,237 ($57.46) and a 12-month high of GBX 5,995 ($81.30).
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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.
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