Spirax-Sarco Engineering plc (SPX) Given Consensus Recommendation of “Hold” by Brokerages
Spirax-Sarco Engineering plc (LON:SPX) has been given a consensus recommendation of “Hold” by the nine research firms that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 6,000 ($78.92).
Several equities analysts have issued reports on the stock. Deutsche Bank AG reaffirmed a “buy” rating on shares of Spirax-Sarco Engineering plc in a report on Thursday, October 12th. Liberum Capital reiterated a “hold” rating on shares of Spirax-Sarco Engineering plc in a research report on Wednesday, August 9th. Numis Securities Ltd reiterated an “add” rating on shares of Spirax-Sarco Engineering plc in a research report on Thursday, August 10th. BNP Paribas reiterated a “neutral” rating on shares of Spirax-Sarco Engineering plc in a research report on Tuesday, July 18th. Finally, HSBC Holdings plc reiterated a “hold” rating on shares of Spirax-Sarco Engineering plc in a research report on Friday, September 29th.
Spirax-Sarco Engineering plc (LON SPX) traded down GBX 30 ($0.39) on Monday, reaching GBX 5,660 ($74.44). 98,120 shares of the company’s stock traded hands, compared to its average volume of 128,033. Spirax-Sarco Engineering plc has a fifty-two week low of GBX 4,076 ($53.61) and a fifty-two week high of GBX 5,875 ($77.27).
In other Spirax-Sarco Engineering plc news, insider Nicholas John Anderson bought 33 shares of Spirax-Sarco Engineering plc stock in a transaction dated Wednesday, October 11th. The stock was acquired at an average cost of GBX 4,477 ($58.88) per share, for a total transaction of £1,477.41 ($1,943.19).
About Spirax-Sarco Engineering plc
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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