Spirax-Sarco Engineering (SPX) Price Target Cut to GBX 5,500 by Analysts at JPMorgan Chase & Co.

Spirax-Sarco Engineering (LON:SPX) had its price target cut by JPMorgan Chase & Co. from GBX 5,700 ($78.75) to GBX 5,500 ($75.99) in a report published on Wednesday. They currently have a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Numis Securities reaffirmed a hold rating and issued a GBX 6,000 ($82.90) target price on shares of Spirax-Sarco Engineering in a report on Wednesday. Liberum Capital upped their target price on Spirax-Sarco Engineering from GBX 5,070 ($70.05) to GBX 5,700 ($78.75) and gave the stock a hold rating in a report on Friday, January 12th. Barclays reaffirmed an overweight rating and issued a GBX 6,100 ($84.28) target price on shares of Spirax-Sarco Engineering in a report on Monday, December 18th. Goldman Sachs Group assumed coverage on Spirax-Sarco Engineering in a report on Wednesday, December 13th. They issued a neutral rating and a GBX 5,600 ($77.37) target price for the company. Finally, Deutsche Bank reaffirmed a buy rating and issued a GBX 6,530 ($90.22) target price on shares of Spirax-Sarco Engineering in a report on Monday, December 4th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Spirax-Sarco Engineering currently has an average rating of Hold and an average target price of GBX 5,930 ($81.93).

Spirax-Sarco Engineering (LON SPX) opened at GBX 5,580 ($77.09) on Wednesday. Spirax-Sarco Engineering has a fifty-two week low of GBX 4,350 ($60.10) and a fifty-two week high of GBX 5,995 ($82.83). The stock has a market capitalization of $4,100.00 and a PE ratio of 3,152.54.

In related news, insider Jamie Pike purchased 1,720 shares of Spirax-Sarco Engineering stock in a transaction on Tuesday, November 21st. The shares were purchased at an average price of GBX 5,825 ($80.48) per share, for a total transaction of £100,190 ($138,422.22). Also, insider Neil H. Daws sold 1,200 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of GBX 5,860 ($80.96), for a total value of £70,320 ($97,153.91).

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About Spirax-Sarco Engineering

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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