Spirax-Sarco Engineering plc (LON:SPX) Rating Reiterated by Peel Hunt

Peel Hunt reissued their add rating on shares of Spirax-Sarco Engineering plc (LON:SPX) in a research report sent to investors on Wednesday morning.

A number of other analysts also recently weighed in on SPX. Deutsche Bank AG reiterated a buy rating on shares of Spirax-Sarco Engineering plc in a report on Wednesday, May 3rd. Liberum Capital reiterated a hold rating on shares of Spirax-Sarco Engineering plc in a report on Tuesday, May 9th. Numis Securities Ltd downgraded Spirax-Sarco Engineering plc to a hold rating in a report on Tuesday, May 9th. J P Morgan Chase & Co reiterated an overweight rating on shares of Spirax-Sarco Engineering plc in a report on Wednesday, May 10th. Finally, BNP Paribas reiterated a neutral rating on shares of Spirax-Sarco Engineering plc in a report on Tuesday, July 18th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 4,000 ($52.09).

Spirax-Sarco Engineering plc (LON SPX) opened at 5695.00 on Wednesday. Spirax-Sarco Engineering plc has a 1-year low of GBX 4,076.00 and a 1-year high of GBX 5,875.00. The firm has a 50-day moving average price of GBX 5,528.43 and a 200-day moving average price of GBX 5,090.73. The firm’s market capitalization is GBX 4.19 billion.

TRADEMARK VIOLATION WARNING: “Spirax-Sarco Engineering plc (LON:SPX) Rating Reiterated by Peel Hunt” was originally posted by Stock Observer and is the sole property of of Stock Observer. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://www.thestockobserver.com/2017/08/12/spirax-sarco-engineering-plc-lonspx-rating-reiterated-by-peel-hunt.html.

The company also recently announced a dividend, which will be paid on Friday, November 10th. Stockholders of record on Thursday, October 12th will be paid a GBX 25.50 ($0.33) dividend. The ex-dividend date is Thursday, October 12th. This represents a dividend yield of 0.44%.

In other news, insider Kevin Boyd bought 1,000 shares of Spirax-Sarco Engineering plc stock in a transaction dated Monday, June 12th. The stock was bought at an average cost of GBX 5,401 ($70.33) per share, for a total transaction of £54,010 ($70,334.68).

About Spirax-Sarco Engineering plc

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 plc (LON:SPX)

Receive News & Ratings for Spirax-Sarco Engineering plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirax-Sarco Engineering plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply