Rating Flow: Spirax-Sarco Engineering PLC (LON:SPX) Gets Higher Rating From Numis. What Is The Stock Target?

November 30, 2016 - By whatsonthorold

Spirax-Sarco Engineering PLC (LON:SPX) Upgrade

Spirax-Sarco Engineering PLC (LON:SPX)‘s stock was boosted to a Add by equity research analysts at Numis, who have a target price per share of GBX 4650.00 on SPX. Numis’s target is 7.96% from SPX’s last 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 -11.52% below today’s (GBX 4311) stock price. Spirax-Sarco Engineering PLC has been the topic of 82 analyst reports since August 5, 2015 according to StockzIntelligence Inc. JP Morgan maintained the shares of SPX in a report on Wednesday, November 23 with “Overweight” rating. The rating was maintained by Morgan Stanley on Thursday, March 3 with “Equalwt/In-Line”. The rating was maintained by Peel Hunt with “Add” on Tuesday, November 22. On Monday, April 18 the stock rating was downgraded by RBC Capital Markets to “Sector Performer”. The company was maintained on Monday, January 4 by JP Morgan. The rating was maintained by Jefferies with “Hold” on Friday, August 7. Credit Suisse maintained the shares of SPX in a report on Tuesday, October 6 with “Outperform” rating. The company was maintained on Wednesday, June 15 by JP Morgan. The stock of Spirax-Sarco Engineering plc (LON:SPX) has “Overweight” rating given on Wednesday, August 10 by JP Morgan. As per Wednesday, October 28, the company rating was maintained by JP Morgan.

About 54,317 shares traded hands. Spirax-Sarco Engineering plc (LON:SPX) has risen 22.96% since May 2, 2016 and is uptrending. It has outperformed by 17.73% 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 29.76 P/E ratio. The Company’s businesses include Spirax Sarco and Watson-Marlow.

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