Spirax-Sarco Engineering (SPX) Given New GBX 6,190 Price Target at Morgan Stanley

Spirax-Sarco Engineering (LON:SPX) had its price objective trimmed by Morgan Stanley from GBX 6,260 ($81.80) to GBX 6,190 ($80.88) in a research note published on Wednesday. The brokerage currently has an equal weight rating on the stock.

Several other analysts also recently issued reports on SPX. Peel Hunt reaffirmed an add rating on shares of Spirax-Sarco Engineering in a report on Wednesday, August 8th. Goldman Sachs Group upped their price objective on shares of Spirax-Sarco Engineering from GBX 6,250 ($81.67) to GBX 6,550 ($85.59) and gave the stock a neutral rating in a report on Thursday, August 9th. Royal Bank of Canada upped their price objective on shares of Spirax-Sarco Engineering from GBX 6,500 ($84.93) to GBX 7,400 ($96.69) and gave the stock an outperform rating in a report on Thursday, August 9th. Barclays increased their price target on shares of Spirax-Sarco Engineering from GBX 6,360 ($83.10) to GBX 6,600 ($86.24) and gave the company an equal weight rating in a report on Thursday, August 9th. Finally, Numis Securities downgraded shares of Spirax-Sarco Engineering to a hold rating and set a GBX 7,000 ($91.47) price target for the company. in a report on Thursday, August 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 6,385.83 ($83.44).

LON SPX opened at GBX 6,095 ($79.64) on Wednesday. Spirax-Sarco Engineering has a 1 year low of GBX 4,681 ($61.17) and a 1 year high of GBX 6,155 ($80.43).

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions for the design, maintenance, and provision of industrial and commercial steam systems. It offers condensate management products, such as steam traps, condensate return pumps, and isolation valves; controls, including automatic control valves, pressure regulators, and temperature controls; and energy management products comprising metering products, boiler house products, heat transfer packages, and energy services.

Recommended Story: Stock Selection – What is cash flow?

Analyst Recommendations for Spirax-Sarco Engineering (LON:SPX)

Receive News & Ratings for Spirax-Sarco Engineering Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirax-Sarco Engineering and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply