Todays Report: The Analysts Set Spirax-Sarco Engineering plc (SPX) Price Target at $3,593.57

The Analysts Set Spirax-Sarco Engineering plc (SPX) Price Target at $3,593.57

Shares of Spirax-Sarco Engineering plc (LON:SPX) have earned an average recommendation of “Hold” from the eleven research firms that are covering the stock. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 3,593.57 ($44.90).

Several research firms have recently weighed in on SPX. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Spirax-Sarco Engineering plc in a research note on Wednesday, November 23rd. Peel Hunt reissued an “add” rating on shares of Spirax-Sarco Engineering plc in a research note on Tuesday, November 22nd. Numis Securities Ltd reissued a “hold” rating and issued a GBX 4,100 ($51.22) price target on shares of Spirax-Sarco Engineering plc in a research note on Wednesday, August 10th. BNP Paribas reissued an “underperform” rating and issued a GBX 3,700 ($46.23) price target on shares of Spirax-Sarco Engineering plc in a research note on Wednesday, August 10th. Finally, HSBC raised their price target on shares of Spirax-Sarco Engineering plc from GBX 3,450 ($43.10) to GBX 4,000 ($49.98) and gave the stock a “hold” rating in a research note on Tuesday, August 16th.

Shares of Spirax-Sarco Engineering plc (LON:SPX) opened at 4247.00 on Friday. 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 stock’s market cap is GBX 3.11 billion. The stock has a 50 day moving average of GBX 4,396.92 and a 200 day moving average of GBX 4,059.94.

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