Spirax-Sarco Engineering PLC (LON:SPX) Rating Reaffirmed
Analysts at JP Morgan Cazenove now has a GBX 3250.00 Estimated Target Price on Spirax-Sarco Engineering PLC (LON:SPX). JP Morgan Cazenove and their recent Estimated Target Price could mean a potential upside of 3.88% from the company’s price per share. The rating has been unveiled in a comprehensive report on Friday morning.
From a total of 13 analysts covering Spirax-Sarco Engineering PLC (LON:SPX) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 9 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is GBX 3650 while the lowest target price is GBX 2950. The mean of all analyst targets is GBX 3148.46 with a -1.43% below today’s (GBX 3128.73) stock price. Spirax-Sarco Engineering PLC was the topic of 39 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 4 with “Overweight” rating. Morgan Stanley maintained shares with “Equalwt/In-Line” rating and GBX 2950 target share price in a report from a November 17. Credit Suisse maintained SPX stock in a recent report from November 25 with “Outperform” rating. Liberum Capital maintained the rating on October 16. Liberum Capital has a “Hold” rating and a GBX 3140 price target on shares. Finally, BNP Paribas maintained the stock with “Neutral” rating in a report issued on a November 18.
The stock increased 1.06% or GBX 32.73 on December 3, striking GBX 3128.73. Approximately shares of stock traded hands. Spirax-Sarco Engineering plc (LON:SPX) has declined 12.81% since May 7, 2015 and is downtrending. It has underperformed by 10.03% the S&P500.
Spirax-Sarco Engineering plc is a United Kingdom industrial engineering company, which is engaged in steam system specialties and peristaltic pumps, and associated fluid path technologies. The company has a market cap of 2.27 billion GBP. The Company’s two businesses are Spirax Sarco for steam specialties, and Watson-Marlow for peristaltic pumps and associated fluid path technologies. It has 24.02 P/E ratio. Spirax Sarco’s steam specialties supplies engineered solutions for the design, maintenance and provision of industrial and commercial steam systems.