Spirax-Sarco Engineering (LON:SPX) Stock Rating Reaffirmed by Bank of America

Spirax-Sarco Engineering (LON:SPX - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Bank of America in a research report issued on Thursday, Marketbeat reports.

A number of other equities research analysts have also recently commented on the stock. Barclays cut their price target on shares of Spirax-Sarco Engineering from £105.80 ($133.91) to GBX 9,960 ($126.06) and set an "equal weight" rating on the stock in a report on Tuesday. Jefferies Financial Group raised shares of Spirax-Sarco Engineering to a "hold" rating and set a GBX 9,740 ($123.28) target price for the company in a report on Wednesday, January 31st. Shore Capital reaffirmed a "sell" rating on shares of Spirax-Sarco Engineering in a report on Monday, December 18th. Berenberg Bank upped their price target on shares of Spirax-Sarco Engineering from GBX 8,800 ($111.38) to GBX 9,800 ($124.03) and gave the stock a "hold" rating in a research report on Friday, March 8th. Finally, Numis Securities restated a "sell" rating on shares of Spirax-Sarco Engineering in a research report on Thursday, March 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of £101.50 ($128.46).

Spirax-Sarco Engineering Stock Up 0.6 %

SPX stock traded up GBX 55 ($0.70) during trading on Thursday, hitting GBX 9,740 ($123.28). 152,599 shares of the stock traded hands, compared to its average volume of 162,265. The stock has a market cap of £7.19 billion, a price-to-earnings ratio of 3,927.42, a price-to-earnings-growth ratio of 6.92 and a beta of 0.71. The company has a debt-to-equity ratio of 97.01, a current ratio of 2.26 and a quick ratio of 1.73. Spirax-Sarco Engineering has a 1 year low of GBX 7,900 ($99.99) and a 1 year high of £118.45 ($149.92). The firm's 50 day moving average is £102.13 and its two-hundred day moving average is GBX 9,635.08.

Insider Buying and Selling at Spirax-Sarco Engineering

In other news, insider Nimesh Patel sold 660 shares of Spirax-Sarco Engineering stock in a transaction dated Monday, March 18th. The stock was sold at an average price of £105.27 ($133.24), for a total value of £69,478.20 ($87,935.96). Insiders own 0.94% of the company's stock.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, electrical heating and temperature management systems, and pumps and fluid path technologies. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications.