Spirax-Sarco Engineering (LON:SPX)‘s stock had its “hold” rating restated by Liberum Capital in a report issued on Friday.
Other equities research analysts have also issued research reports about the stock. Peel Hunt upped their price objective on shares of Spirax-Sarco Engineering from GBX 6,000 ($81.39) to GBX 6,250 ($84.78) and gave the company an “add” rating in a report on Wednesday, March 21st. Numis Securities raised shares of Spirax-Sarco Engineering to an “add” rating and set a GBX 6,350 ($86.14) price objective for the company in a report on Friday, March 16th. Deutsche Bank reissued a “buy” rating and issued a GBX 6,530 ($88.58) price objective on shares of Spirax-Sarco Engineering in a report on Wednesday, April 11th. Barclays upped their price objective on shares of Spirax-Sarco Engineering from GBX 6,100 ($82.75) to GBX 6,300 ($85.46) and gave the company an “equal weight” rating in a report on Friday, March 16th. Finally, HSBC reissued a “hold” rating and issued a GBX 6,300 ($85.46) price objective on shares of Spirax-Sarco Engineering in a report on Wednesday, March 28th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Spirax-Sarco Engineering presently has an average rating of “Hold” and an average target price of GBX 6,167.27 ($83.66).
Shares of SPX opened at GBX 6,110 ($82.88) on Friday. Spirax-Sarco Engineering has a 12-month low of GBX 4,681 ($63.50) and a 12-month high of GBX 6,155 ($83.49).
In related news, insider Jane Kingston bought 1,500 shares of the stock in a transaction on Wednesday, April 4th. The stock was bought at an average price of GBX 5,645 ($76.57) per share, with a total value of £84,675 ($114,860.28). Also, insider Peter France bought 821 shares of the stock in a transaction on Wednesday, May 16th. The shares were bought at an average cost of GBX 6,085 ($82.54) per share, with a total value of £49,957.85 ($67,767.02).
About Spirax-Sarco Engineering
Spirax-Sarco Engineering plc provides engineered solutions for the design, maintenance, and provision of industrial and commercial steam systems. It offers condensate management products, such as steam traps, condensate return pumps, and isolation valves; controls, including automatic control valves, pressure regulators, and temperature controls; and energy management products comprising metering products, boiler house products, heat transfer packages, and energy services.
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