Goldman Sachs lifted their price target on shares of Spirax-Sarco Engineering (LON: SPX) from $42.65 (2856 GBX) to $43.16 (2890 GBX) in a research note issued on Friday. The firm currently has a “buy” rating on the stock.
A number of other firms have also recently commented on SPX. Analysts at Liberum Capital reiterated a “neutral” rating on shares of Spirax-Sarco Engineering in a research note to investors on Friday. They now have a $38.79 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Spirax-Sarco Engineering from $30.74 to $40.36 in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Spirax-Sarco Engineering from $1.35 to $1.38 in a research note to investors on Friday, February 15th.
Shares of Spirax-Sarco Engineering traded up 2.29% during mid-day trading on Friday, hitting GBX 2675.00. Spirax-Sarco Engineering has a 52 week low of GBX 1887.9999 and a 52 week high of GBX 2661.00. The stock’s 50-day moving average is currently GBX 2119.08. The company’s market cap is £2.089 billion.
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company. It comprises the two businesses: Spirax Sarco for steam specialties and Watson-Marlow for peristaltic and pumps.