Research analysts at Goldman Sachs Group initiated coverage on shares of Spirax-Sarco Engineering (LON:SPX) in a research note issued to investors on Wednesday. The brokerage set a “neutral” rating and a GBX 5,600 ($75.37) price target on the stock. Goldman Sachs Group’s target price indicates a potential upside of 2.75% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Deutsche Bank reissued a “buy” rating on shares of Spirax-Sarco Engineering in a research report on Thursday, October 12th. Liberum Capital reissued a “hold” rating and issued a GBX 5,070 ($68.24) target price on shares of Spirax-Sarco Engineering in a research report on Tuesday, November 21st. Jefferies Group lifted their target price on 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 report on Tuesday, November 28th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 5,800 ($78.06) target price on shares of Spirax-Sarco Engineering in a research report on Wednesday, November 22nd. Finally, Barclays started coverage on Spirax-Sarco Engineering in a research report on Friday, December 1st. They issued an “equal weight” rating and a GBX 6,100 ($82.10) target price on the stock. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 5,876.25 ($79.09).

Shares of Spirax-Sarco Engineering (LON SPX) traded down GBX 45 ($0.61) during trading on Wednesday, reaching GBX 5,450 ($73.35). The company had a trading volume of 61,225 shares, compared to its average volume of 135,320. Spirax-Sarco Engineering has a 1-year low of GBX 4,076 ($54.86) and a 1-year high of GBX 5,995 ($80.69).

In other Spirax-Sarco Engineering news, insider Nicholas John Anderson bought 33 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were acquired at an average cost of GBX 4,477 ($60.26) per share, with a total value of £1,477.41 ($1,988.44). Also, insider Neil H. Daws sold 1,200 shares of the business’s stock in a transaction that occurred 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).

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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.

Analyst Recommendations for Spirax-Sarco Engineering (LON:SPX)

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