Spirax-Sarco Engineering (SPX) Now Covered by Goldman Sachs Group
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).
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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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