Spirax-Sarco Engineering (SPX) PT Lowered to GBX 5,700 at J P Morgan Chase & Co

Spirax-Sarco Engineering (LON:SPX) had its target price cut by J P Morgan Chase & Co from GBX 5,800 ($78.06) to GBX 5,700 ($76.72) in a report published on Monday morning, Marketbeat reports. They currently have a neutral rating on the stock.

A number of other brokerages have also recently issued reports on SPX. Investec reiterated a not rated rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, August 9th. Peel Hunt restated an add rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, August 9th. Barclays initiated coverage on 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 target for the company. Liberum Capital restated a hold rating and issued a GBX 5,070 ($68.24) price target on shares of Spirax-Sarco Engineering in a research note on Tuesday, November 21st. Finally, restated a hold rating on shares of Spirax-Sarco Engineering in a research note on Friday, September 29th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 5,915.71 ($79.62).

Spirax-Sarco Engineering (LON SPX) opened at GBX 5,640 ($75.91) on Monday. Spirax-Sarco Engineering has a one year low of GBX 4,076 ($54.86) and a one year high of GBX 5,995 ($80.69).

In other news, insider Neil H. Daws sold 1,200 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of GBX 5,860 ($78.87), for a total value of £70,320 ($94,643.34). Also, insider Nicholas John Anderson acquired 33 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The stock was purchased at an average cost of GBX 4,477 ($60.26) per share, with a total value of £1,477.41 ($1,988.44).

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About Spirax-Sarco Engineering

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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