The Deutsche Bank AG Reiterates Buy Rating for Spirax-Sarco Engineering plc (SPX)

The Deutsche Bank AG Reiterates Buy Rating for Spirax-Sarco Engineering plc (SPX)

A number of other research firms have also commented on SPX. Liberum Capital reaffirmed a “hold” rating on shares of Spirax-Sarco Engineering plc in a research report on Friday, May 26th. Peel Hunt reaffirmed an “add” rating on shares of Spirax-Sarco Engineering plc in a research report on Tuesday, May 9th. Numis Securities Ltd lowered Spirax-Sarco Engineering plc to a “hold” rating in a research report on Tuesday, May 9th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Spirax-Sarco Engineering plc in a research report on Wednesday, May 10th. Finally, BNP Paribas reaffirmed a “neutral” rating on shares of Spirax-Sarco Engineering plc in a research report on Friday, February 10th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 3,825 ($49.13).

Spirax-Sarco Engineering plc (LON:SPX)‘s stock had its “buy” rating reissued by investment analysts at Deutsche Bank AG in a report issued on Thursday.

Shares of Spirax-Sarco Engineering plc (SPX) opened at 5645.00 on Thursday. Spirax-Sarco Engineering plc has a one year low of GBX 3,250.00 and a one year high of GBX 5,815.00. The company’s market capitalization is GBX 4.15 billion. The firm has a 50-day moving average price of GBX 5,284.57 and a 200-day moving average price of GBX 4,639.42.

The firm also recently declared a dividend, which was paid on Friday, May 26th. Shareholders of record on Thursday, April 27th were given a dividend of GBX 53.50 ($0.69) per share. This is a positive change from Spirax-Sarco Engineering plc’s previous dividend of $22.50. The ex-dividend date of this dividend was Thursday, April 27th. This represents a yield of 1.16%. In other Spirax-Sarco Engineering plc news, insider Jane Kingston purchased 1,080 shares of the stock in a transaction on Thursday, March 16th. The stock was acquired at an average price of GBX 4,787 ($61.49) per share, with a total value of £51,699.60 ($66,409.25). Also, insider James Whalen sold 3,585 shares of the company’s stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of GBX 4,786 ($61.48), for a total value of £171,578.10 ($220,395.76).

About Spirax-Sarco Engineering plc 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:SPX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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