Shares of Spirax-Sarco Engineering plc (LON:SPX – Get Rating) have earned an average rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is £126.03 ($152.96).
SPX has been the subject of a number of recent research reports. Shore Capital reaffirmed a “hold” rating on shares of Spirax-Sarco Engineering in a report on Wednesday, May 11th. Barclays reaffirmed an “equal weight” rating and issued a £135.90 ($164.95) target price on shares of Spirax-Sarco Engineering in a report on Tuesday, March 15th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Spirax-Sarco Engineering in a report on Wednesday, May 11th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a £105 ($127.44) target price on shares of Spirax-Sarco Engineering in a report on Wednesday, April 13th. Finally, Berenberg Bank reissued a “hold” rating and issued a £131.20 ($159.24) price target on shares of Spirax-Sarco Engineering in a research note on Wednesday, May 11th.
In related news, insider Jane Kingston purchased 1,580 shares of the firm’s stock in a transaction dated Thursday, April 14th. The stock was bought at an average price of £125 ($151.72) per share, with a total value of £197,500 ($239,713.56).
About Spirax-Sarco Engineering (Get Rating)
Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, electrical heating and temperature management systems, and pumps and fluid path technologies. It offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating and curing, cleaning and sterilizing, hot water generation, space heating, and humidification; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes, heaters, and systems; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications.
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