Spirax-Sarco Engineering plc (SPX) Stock Rating Reaffirmed by Investec

Investec reiterated their not rated rating on shares of Spirax-Sarco Engineering plc (LON:SPX) in a research note issued to investors on Wednesday morning.

SPX has been the subject of several other research reports. Liberum Capital reissued a hold rating on shares of Spirax-Sarco Engineering plc in a research note on Tuesday, May 9th. J P Morgan Chase & Co reissued a neutral rating on shares of Spirax-Sarco Engineering plc in a research note on Monday, July 3rd. BNP Paribas reissued a neutral rating on shares of Spirax-Sarco Engineering plc in a research note on Tuesday, July 18th. Deutsche Bank AG reissued a buy rating on shares of Spirax-Sarco Engineering plc in a research note on Monday, July 10th. Finally, Numis Securities Ltd cut shares of Spirax-Sarco Engineering plc to a hold rating in a research note on Tuesday, May 9th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of GBX 4,000 ($52.09).

Spirax-Sarco Engineering plc (LON:SPX) opened at 5695.00 on Wednesday. Spirax-Sarco Engineering plc has a 12 month low of GBX 4,076.00 and a 12 month high of GBX 5,875.00. The stock’s market cap is GBX 4.19 billion. The firm’s 50 day moving average price is GBX 5,528.43 and its 200 day moving average price is GBX 5,090.73.

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The business also recently disclosed a dividend, which will be paid on Friday, November 10th. Investors of record on Thursday, October 12th will be given a dividend of GBX 25.50 ($0.33) per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a dividend yield of 0.44%.

In related news, insider Kevin Boyd acquired 1,000 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was purchased at an average price of GBX 5,401 ($70.33) per share, with a total value of £54,010 ($70,334.68).

Spirax-Sarco Engineering plc 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 plc (LON:SPX)

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