Spirax-Sarco Engineering (SPX) Stock Rating Reaffirmed by Deutsche Bank

Deutsche Bank reiterated their buy rating on shares of Spirax-Sarco Engineering (LON:SPX) in a research report sent to investors on Wednesday morning. The firm currently has a GBX 6,530 ($92.30) price objective on the stock.

Other equities analysts have also recently issued research reports about the stock. Numis Securities upgraded shares of Spirax-Sarco Engineering to an add rating and set a GBX 6,350 ($89.75) target price on the stock in a research note on Friday, March 16th. Peel Hunt increased their price objective on shares of Spirax-Sarco Engineering from GBX 6,000 ($84.81) to GBX 6,250 ($88.34) and gave the stock an add rating in a research note on Wednesday, March 21st. Barclays increased their price objective on shares of Spirax-Sarco Engineering from GBX 6,100 ($86.22) to GBX 6,300 ($89.05) and gave the stock an equal weight rating in a research note on Friday, March 16th. Liberum Capital reiterated a hold rating and issued a GBX 5,700 ($80.57) price objective on shares of Spirax-Sarco Engineering in a research note on Thursday, March 15th. Finally, Jefferies Group reiterated a hold rating and issued a GBX 6,010 ($84.95) price objective on shares of Spirax-Sarco Engineering in a research note on Thursday, February 22nd. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 6,167.27 ($87.17).

SPX opened at GBX 5,740 ($81.13) on Wednesday. Spirax-Sarco Engineering has a 52-week low of GBX 4,681 ($66.16) and a 52-week high of GBX 6,155 ($87.00).



The firm also recently disclosed a dividend, which will be paid on Friday, May 25th. Stockholders of record on Thursday, April 26th will be paid a GBX 62 ($0.88) dividend. This represents a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, April 26th. This is a boost from Spirax-Sarco Engineering’s previous dividend of $25.50.

In other Spirax-Sarco Engineering news, insider Jane Kingston acquired 1,500 shares of the stock in a transaction dated Wednesday, April 4th. The shares were purchased at an average price of GBX 5,645 ($79.79) per share, for a total transaction of £84,675 ($119,681.98).

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Spirax-Sarco Engineering Company Profile

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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