Equities researchers at Jefferies Group boosted their target price on shares of Spirax-Sarco Engineering (LON: SPX) from $30.54 (2045 GBX) to $40.10 (2685 GBX) in a report issued on Friday. The firm currently has a “hold” rating on the stock.
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.
SPX has been the subject of a number of other recent research reports. 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. Analysts at Arden Partners Ltd reiterated a “neutral” rating on shares of Spirax-Sarco Engineering in a research note to investors on Tuesday, January 29th. They now have a $36.10 price target on the stock.
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.