Goldman Sachs Group Begins Coverage on Spirax-Sarco Engineering (SPX)

Goldman Sachs Group started coverage on shares of Spirax-Sarco Engineering (LON:SPX) in a research note released on Wednesday. The brokerage issued a neutral rating and a GBX 5,600 ($75.37) price objective on the stock.

Several other research firms have also recently commented on SPX. Jefferies Group increased their price target on shares of 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 note on Tuesday, November 28th. J P Morgan Chase & Co restated a neutral rating and issued a GBX 5,800 ($78.06) price objective on shares of Spirax-Sarco Engineering in a report on Wednesday, November 22nd. Liberum Capital restated a hold rating and issued a GBX 5,070 ($68.24) price objective on shares of Spirax-Sarco Engineering in a report on Tuesday, November 21st. Deutsche Bank restated a buy rating on shares of Spirax-Sarco Engineering in a report on Thursday, October 12th. Finally, Peel Hunt restated an add rating and issued a GBX 6,000 ($80.75) price objective on shares of Spirax-Sarco Engineering in a report on Tuesday, October 31st. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Spirax-Sarco Engineering 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) opened at GBX 5,440 ($73.22) on Wednesday. Spirax-Sarco Engineering has a 52 week low of GBX 4,076 ($54.86) and a 52 week high of GBX 5,995 ($80.69).

In other Spirax-Sarco Engineering news, insider Neil H. Daws sold 1,200 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of GBX 5,860 ($78.87), for a total value of £70,320 ($94,643.34). Also, insider Jamie Pike bought 1,720 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was purchased at an average price of GBX 5,825 ($78.40) per share, for a total transaction of £100,190 ($134,845.22).

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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.

Analyst Recommendations for Spirax-Sarco Engineering (LON:SPX)

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