Rating Reporting: 7.19% to Target, JP Morgan Cazenove Reconfirms Overweight Rating for Spirax-Sarco Engineering PLC (LON:SPX) Stock

November 23, 2016 - By Clifton Ray

Spirax-Sarco Engineering PLC (LON:SPX) Rating

In a note revealed on today, JP Morgan Cazenove reiterated their Overweight rating on Spirax-Sarco Engineering PLC (LON:SPX)‘s stock. The TP would suggest a potential upside of 7.19% from company’s current stock price.

Spirax-Sarco Engineering plc (LON:SPX) Ratings Coverage

Out of 13 analysts covering Spirax-Sarco Engineering PLC (LON:SPX), 5 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 38% are positive. GBX 4750 is the highest target while GBX 3 is the lowest. The GBX 3814.23 average target is -11.48% below today’s (GBX 4309) stock price. Spirax-Sarco Engineering PLC has been the topic of 82 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Spirax-Sarco Engineering plc (LON:SPX) has “Overweight” rating given on Wednesday, May 11 by JP Morgan. JP Morgan maintained Spirax-Sarco Engineering plc (LON:SPX) rating on Wednesday, October 28. JP Morgan has “Overweight” rating and GBX 3150 price target. The firm has “Hold” rating by Investec given on Tuesday, November 17. The stock has “Overweight” rating given by J.P. Morgan on Monday, January 4. As per Monday, September 14, the company rating was maintained by Investec. Credit Suisse maintained the stock with “Outperform” rating in Friday, October 30 report. The firm earned “Outperform” rating on Tuesday, October 6 by Credit Suisse. The stock of Spirax-Sarco Engineering plc (LON:SPX) earned “Hold” rating by Jefferies on Tuesday, September 22. The stock has “Hold” rating given by Liberum Capital on Friday, October 16. On Friday, February 26 the stock rating was maintained by JP Morgan with “Overweight”.

About 22,087 shares traded hands. Spirax-Sarco Engineering plc (LON:SPX) has risen 20.20% since April 25, 2016 and is uptrending. It has outperformed by 14.87% the S&P500.

Spirax-Sarco Engineering plc is a United Kingdom industrial engineering company. The company has a market cap of 3.17 billion GBP. The Company’s divisions include Europe, Middle East & Africa; Asia Pacific; Americas; Steam specialties business, and Watson-Marlow Fluid Technology Group . It has a 29.75 P/E ratio. The Company’s businesses include Spirax Sarco and Watson-Marlow.

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