Trade Report: Today, Brokerages give average Rating of “Hold” to Spirax-Sarco Engineering plc (SPX)

Today, Brokerages give average Rating of “Hold” to Spirax-Sarco Engineering plc (SPX)

Shares of Spirax-Sarco Engineering plc (LON:SPX) have earned an average rating of “Hold” from the eleven brokerages that are presently covering the firm. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 3,593.57 ($44.90).

A number of research analysts have issued reports on SPX shares. Peel Hunt reiterated an “add” rating on shares of Spirax-Sarco Engineering plc in a research note on Tuesday. Numis Securities Ltd reiterated a “hold” rating on shares of Spirax-Sarco Engineering plc in a research note on Thursday, November 10th. HSBC lifted their price objective 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 research note on Tuesday, August 16th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Spirax-Sarco Engineering plc in a research note on Wednesday. Finally, BNP Paribas reiterated an “underperform” rating and set a GBX 3,700 ($46.23) price objective on shares of Spirax-Sarco Engineering plc in a research note on Wednesday, August 10th.

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

Spirax-Sarco Engineering plc (LON:SPX) traded down 0.84% on Friday, hitting GBX 4261.00. The stock had a trading volume of 171,453 shares. The company’s market capitalization is GBX 3.12 billion. Spirax-Sarco Engineering plc has a 52 week low of GBX 2,664.00 and a 52 week high of GBX 4,745.00. The firm has a 50-day moving average of GBX 4,396.92 and a 200 day moving average of GBX 4,057.33.

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