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Spirax-Sarco Engineering (LON:SPX - Get Rating) 's stock had its "neutral" rating reiterated by research analysts at JPMorgan Chase & Co. in a report released on Thursday, MarketBeat.com reports. They currently have a £132 ($161.94) price objective on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 37.27% from the company's previous close.

SPX has been the subject of several other research reports. Royal Bank of Canada reaffirmed an "underperform" rating and set a £105 ($128.82) price target on shares of Spirax-Sarco Engineering in a research report on Wednesday, April 13th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, May 11th. Berenberg Bank reaffirmed a "hold" rating and set a £131.20 ($160.96) price target on shares of Spirax-Sarco Engineering in a research report on Wednesday, May 11th. Shore Capital reaffirmed a "hold" rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, May 11th. Finally, Barclays reaffirmed an "equal weight" rating and set a £135.90 ($166.73) price target on shares of Spirax-Sarco Engineering in a research report on Tuesday, March 15th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, Spirax-Sarco Engineering has a consensus rating of "Hold" and an average target price of £126.03 ($154.61).

What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.

LON:SPX opened at GBX 9,616 ($117.97) on Thursday. The firm has a 50 day simple moving average of £106.13 and a 200-day simple moving average of £123.21. The company has a debt-to-equity ratio of 46.06, a current ratio of 2.11 and a quick ratio of 1.53. The firm has a market cap of £7.09 billion and a PE ratio of 30.29. Spirax-Sarco Engineering has a 1-year low of GBX 9,008 ($110.51) and a 1-year high of £172.25 ($211.32).

In other news, insider Nimesh Patel bought 700 shares of the firm's stock in a transaction dated Tuesday, June 21st. The stock was acquired at an average cost of GBX 9,280 ($113.85) per share, for a total transaction of £64,960 ($79,695.74). Also, insider Jane Kingston bought 1,580 shares of the firm's stock in a transaction dated Thursday, April 14th. The stock was purchased at an average price of £125 ($153.36) per share, with a total value of £197,500 ($242,301.56).

Spirax-Sarco Engineering Company Profile (Get Rating)

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. It offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating and curing, cleaning and sterilizing, hot water generation, space heating, and humidification; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes, heaters, and systems; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications.

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