Trade Report: Today, JPMorgan Chase & Co. Reiterates “Overweight” Rating for Spirax-Sarco Engineering plc (SPX)

Today, JPMorgan Chase & Co. Reiterates “Overweight” Rating for Spirax-Sarco Engineering plc (SPX)

Spirax-Sarco Engineering plc (LON:SPX)‘s stock had its “overweight” rating reiterated by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday.

Several other brokerages also recently commented on SPX. HSBC raised their target price on Spirax-Sarco Engineering plc from GBX 3,450 ($43.10) to GBX 4,000 ($49.98) and gave the company a “hold” rating in a report on Tuesday, August 16th. Numis Securities Ltd restated a “hold” rating on shares of Spirax-Sarco Engineering plc in a report on Thursday, November 10th. BNP Paribas restated an “underperform” rating and set a GBX 3,700 ($46.23) price objective on shares of Spirax-Sarco Engineering plc in a report on Wednesday, August 10th. Finally, Peel Hunt restated an “add” rating on shares of Spirax-Sarco Engineering plc in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Spirax-Sarco Engineering plc presently has a consensus rating of “Hold” and an average target price of GBX 3,558.50 ($44.46).

Shares of Spirax-Sarco Engineering plc (LON:SPX) opened at 4248.00 on Wednesday. Spirax-Sarco Engineering plc has a 1-year low of GBX 2,664.00 and a 1-year high of GBX 4,745.00. The stock’s market cap is GBX 3.11 billion. The stock’s 50 day moving average price is GBX 4,405.95 and its 200 day moving average price is GBX 4,055.90.

In related news, insider Nicholas John Anderson acquired 54 shares of Spirax-Sarco Engineering plc stock in a transaction that occurred on Wednesday, October 12th. The stock was acquired at an average price of GBX 2,797 ($34.95) per share, for a total transaction of £1,510.38 ($1,887.03).

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