Spirax-Sarco Engineering plc (SPX) Receives Average Rating of “Hold” from Brokerages

Shares of Spirax-Sarco Engineering plc (LON:SPX) have received an average rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company.

Several equities analysts have commented on SPX shares. Deutsche Bank AG reissued a “buy” rating on shares of Spirax-Sarco Engineering plc in a research note on Wednesday, May 3rd. Liberum Capital reissued a “hold” rating on shares of Spirax-Sarco Engineering plc in a research note on Tuesday, May 9th. Peel Hunt reissued an “add” rating on shares of Spirax-Sarco Engineering plc in a research note on Tuesday, May 9th. Numis Securities Ltd cut shares of Spirax-Sarco Engineering plc to a “hold” rating in a research note on Tuesday, May 9th. Finally, J P Morgan Chase & Co reissued an “overweight” rating on shares of Spirax-Sarco Engineering plc in a research note on Wednesday, May 10th.

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In other Spirax-Sarco Engineering plc news, insider Kevin Boyd acquired 1,000 shares of the stock in a transaction dated Monday, June 12th. The shares were bought at an average price of GBX 5,401 ($69.85) per share, with a total value of £54,010 ($69,852.56).

Shares of Spirax-Sarco Engineering plc (SPX) traded up 0.27% during midday trading on Wednesday, reaching GBX 5605.00. The company’s stock had a trading volume of 101,443 shares. Spirax-Sarco Engineering plc has a 52 week low of GBX 4,076.00 and a 52 week high of GBX 5,875.00. The company has a 50 day moving average of GBX 5,597.64 and a 200-day moving average of GBX 5,181.59. The stock’s market capitalization is GBX 4.12 billion.

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

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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