Trade Report: Today, Spirax-Sarco Engineering plc (SPX) Earns Add Rating from Peel Hunt

Today, Spirax-Sarco Engineering plc (SPX) Earns Add Rating from Peel Hunt

Peel Hunt reaffirmed their add rating on shares of Spirax-Sarco Engineering plc (LON:SPX) in a research report report published on Tuesday.

SPX has been the subject of several other reports. HSBC increased their price objective on shares of 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 research report on Tuesday, August 16th. Numis Securities Ltd reissued a hold rating and set a GBX 4,100 ($51.22) price target on shares of Spirax-Sarco Engineering plc in a research report on Wednesday, August 10th. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 3,500 ($43.73) price target on shares of Spirax-Sarco Engineering plc in a research report on Wednesday, August 10th. Finally, BNP Paribas reissued an underperform rating and set a GBX 3,700 ($46.23) price target on shares of Spirax-Sarco Engineering plc in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of GBX 3,558.50 ($44.46).

Spirax-Sarco Engineering plc (LON:SPX) opened at 4248.00 on Tuesday. The company’s 50 day moving average is GBX 4,405.95 and its 200-day moving average is GBX 4,055.90. Spirax-Sarco Engineering plc has a 12 month low of GBX 2,664.00 and a 12 month high of GBX 4,745.00. The company’s market cap is GBX 3.11 billion.

In related news, insider Nicholas John Anderson purchased 54 shares of the company’s stock in a transaction that occurred on Wednesday, October 12th. The shares were purchased at an average price of GBX 2,797 ($34.95) per share, with a total value of £1,510.38 ($1,887.03).

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