Spirax-Sarco Engineering plc’s (SPX) “Hold” Rating Reaffirmed at Liberum Capital

Spirax-Sarco Engineering plc (LON:SPX)‘s stock had its “hold” rating reaffirmed by Liberum Capital in a report released on Tuesday. They presently have a GBX 5,070 ($66.68) target price on the stock. Liberum Capital’s target price suggests a potential downside of 12.13% from the company’s current price.

Several other equities analysts have also issued reports on the company. Peel Hunt reissued an “add” rating and set a GBX 6,000 ($78.92) target price on shares of Spirax-Sarco Engineering plc in a research note on Tuesday, October 31st. Deutsche Bank AG restated a “buy” rating on shares of Spirax-Sarco Engineering plc in a report on Thursday, October 12th. restated a “hold” rating on shares of Spirax-Sarco Engineering plc in a report on Friday, September 29th. Numis Securities Ltd restated an “add” rating on shares of Spirax-Sarco Engineering plc in a report on Thursday, August 10th. Finally, Investec restated a “not rated” rating on shares of Spirax-Sarco Engineering plc in a report on Wednesday, August 9th. Six 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 price target of GBX 5,535 ($72.80).

Spirax-Sarco Engineering plc (LON SPX) opened at GBX 5,770 ($75.89) on Tuesday. Spirax-Sarco Engineering plc has a 12 month low of GBX 4,076 ($53.61) and a 12 month high of GBX 5,875 ($77.27).

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In related news, insider Nicholas John Anderson acquired 33 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was bought at an average cost of GBX 4,477 ($58.88) per share, with a total value of £1,477.41 ($1,943.19).

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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