Spirax-Sarco Engineering (SPX) Price Target Raised to GBX 5,700 at Liberum Capital

Spirax-Sarco Engineering (LON:SPX) had its price objective lifted by Liberum Capital from GBX 5,070 ($68.76) to GBX 5,700 ($77.30) in a research report report published on Friday morning. Liberum Capital currently has a hold rating on the stock.

Several other brokerages have also weighed in on SPX. Deutsche Bank reaffirmed a buy rating and issued a GBX 6,530 ($88.55) target price on shares of Spirax-Sarco Engineering in a research report on Monday, December 4th. Numis Securities lowered Spirax-Sarco Engineering to a hold rating and set a GBX 6,000 ($81.37) target price on the stock. in a research report on Tuesday, December 5th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 5,800 ($78.65) target price on shares of Spirax-Sarco Engineering in a research report on Wednesday, November 22nd. Peel Hunt reaffirmed an add rating and issued a GBX 6,000 ($81.37) target price on shares of Spirax-Sarco Engineering in a research report on Tuesday, October 31st. Finally, Goldman Sachs Group started coverage on Spirax-Sarco Engineering in a research report on Wednesday, December 13th. They issued a neutral rating and a GBX 5,600 ($75.94) target price on the stock. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 5,955 ($80.76).

Shares of Spirax-Sarco Engineering (LON SPX) traded up GBX 45 ($0.61) on Friday, hitting GBX 5,705 ($77.37). The company had a trading volume of 129,154 shares, compared to its average volume of 129,447. The stock has a market cap of $4,200.00 and a price-to-earnings ratio of 3,223.16. Spirax-Sarco Engineering has a twelve month low of GBX 4,237 ($57.46) and a twelve month high of GBX 5,995 ($81.30).

In related news, insider Jamie Pike purchased 1,720 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average cost of GBX 5,825 ($78.99) per share, for a total transaction of £100,190 ($135,869.27). Also, 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 ($79.47), for a total value of £70,320 ($95,362.08).

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About Spirax-Sarco Engineering

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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