Spirax-Sarco Engineering (LON:SPX) had its price objective cut by Goldman Sachs Group from GBX 6,550 ($85.59) to GBX 6,445 ($84.22) in a report released on Tuesday morning. They currently have a neutral rating on the stock.
SPX has been the subject of several other research reports. Morgan Stanley reduced their price objective on shares of Spirax-Sarco Engineering from GBX 6,260 ($81.80) to GBX 6,190 ($80.88) and set an equal weight rating for the company in a research report on Wednesday, December 5th. Peel Hunt restated an add rating on shares of Spirax-Sarco Engineering in a research report on Thursday, November 15th. Royal Bank of Canada downgraded shares of Spirax-Sarco Engineering to an underperform rating and reduced their price objective for the stock from GBX 7,400 ($96.69) to GBX 6,400 ($83.63) in a research report on Tuesday, November 20th. UBS Group restated a neutral rating and set a GBX 7,100 ($92.77) price objective (up previously from GBX 6,350 ($82.97)) on shares of Spirax-Sarco Engineering in a research report on Thursday, October 4th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Spirax-Sarco Engineering from GBX 6,300 ($82.32) to GBX 6,000 ($78.40) and set a neutral rating for the company in a research report on Tuesday, December 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. Spirax-Sarco Engineering currently has an average rating of Hold and an average target price of GBX 6,425 ($83.95).
Shares of LON:SPX opened at GBX 6,405 ($83.69) on Tuesday. Spirax-Sarco Engineering has a twelve month low of GBX 4,681 ($61.17) and a twelve month high of GBX 6,155 ($80.43).
Spirax-Sarco Engineering plc provides engineered solutions for users of industrial and commercial steam systems, electrical heating and temperature management systems, and process fluid paths and pumping 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 thermal energy management products comprising metering products, boiler house products, heat transfer packages, and energy services.
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