Spirax-Sarco Engineering (SPX) Rating Reiterated by Deutsche Bank

Spirax-Sarco Engineering (LON:SPX)‘s stock had its “buy” rating restated by Deutsche Bank in a report released on Monday. They currently have a GBX 6,530 ($87.89) price objective on the stock. Deutsche Bank’s price objective would indicate a potential upside of 15.27% from the stock’s current price.

SPX has been the subject of several other research reports. Jefferies Group raised their price objective on shares of Spirax-Sarco Engineering from GBX 5,945 ($80.01) to GBX 6,010 ($80.89) and gave the company a “hold” rating in a research note on Tuesday, November 28th. J P Morgan Chase & Co reduced their price objective on shares of Spirax-Sarco Engineering from GBX 5,800 ($78.06) to GBX 5,700 ($76.72) and set a “neutral” rating for the company in a research note on Monday. Peel Hunt reiterated an “add” rating and issued a GBX 6,000 ($80.75) price objective on shares of Spirax-Sarco Engineering in a research note on Tuesday, October 31st. Liberum Capital reiterated a “hold” rating and issued a GBX 5,070 ($68.24) price objective on shares of Spirax-Sarco Engineering in a research note on Tuesday, November 21st. Finally, Barclays initiated coverage on shares of Spirax-Sarco Engineering in a research note on Friday, December 1st. They issued an “equal weight” rating and a GBX 6,100 ($82.10) price objective for the company. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 5,915.71 ($79.62).

Shares of Spirax-Sarco Engineering (SPX) opened at GBX 5,665 ($76.24) on Monday. Spirax-Sarco Engineering has a 52 week low of GBX 4,076 ($54.86) and a 52 week high of GBX 5,995 ($80.69).

In other Spirax-Sarco Engineering news, insider Jamie Pike bought 1,720 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was purchased at an average cost of GBX 5,825 ($78.40) per share, for a total transaction of £100,190 ($134,845.22). Also, insider Neil H. Daws sold 1,200 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of GBX 5,860 ($78.87), for a total transaction of £70,320 ($94,643.34).

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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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