Shares of Spirax-Sarco Engineering plc (LON:SPX – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 8,540.
A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Peel Hunt restated a “buy” rating and issued a GBX 8,500 price target on shares of Spirax-Sarco Engineering in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the stock a “hold” rating in a research note on Thursday, November 13th. Finally, Shore Capital Group restated a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Thursday, November 13th.
Check Out Our Latest Analysis on SPX
Spirax-Sarco Engineering Trading Down 0.0%
About Spirax-Sarco Engineering
Spirax-Sarco Engineering rebrands as Spirax Group
On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.
Our new name respects our history and where we have come from, with who we are today. It creates more distinction between the Group and its Spirax Sarco trading Division (part of Steam Thermal Solutions), providing improved clarity for all stakeholders.
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