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Spirax-Sarco Engineering (LON:SPX - Get Rating) had its price target hoisted by investment analysts at Barclays from £111.50 ($134.73) to £122.50 ($148.02) in a research note issued to investors on Friday, Marketbeat Ratings reports. The firm currently has an "equal weight" rating on the stock. Barclays's price objective suggests a potential upside of 6.15% from the company's previous close.

Several other analysts also recently issued reports on SPX. Berenberg Bank reaffirmed a "hold" rating and set a £131.20 ($158.53) price objective on shares of Spirax-Sarco Engineering in a report on Wednesday, May 11th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, May 11th. Shore Capital reiterated a "hold" rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, May 11th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a £132 ($159.50) target price on shares of Spirax-Sarco Engineering in a research note on Thursday, June 30th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of £122.68 ($148.23).Spirax-Sarco Engineering Stock Down 1.0 %

Shares of Spirax-Sarco Engineering stock opened at £115.40 ($139.44) on Friday. Spirax-Sarco Engineering has a 12-month low of GBX 9,008 ($108.84) and a 12-month high of £172.25 ($208.13). The company has a quick ratio of 1.53, a current ratio of 2.11 and a debt-to-equity ratio of 46.06. The stock has a 50 day moving average price of £105.68 and a two-hundred day moving average price of £114.81. The stock has a market capitalization of £8.51 billion and a P/E ratio of 3,628.93. Insider Buying and Selling

In other news, insider Nimesh Patel purchased 700 shares of the business's stock in a transaction on Tuesday, June 21st. The stock was purchased at an average price of GBX 9,280 ($112.13) per share, with a total value of £64,960 ($78,492.03). About Spirax-Sarco Engineering (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.Further ReadingLook at Honeywell for a Steady and Diversified StockWhy Invest in High-Yield Dividend Stocks?Disney (NYSE: DIS) Shares Just Gave Investors A Massive SignalFind and Profitably Trade Stocks at 52-Week LowsSolar Stocks Shine Brightly After Passage Of Clean Energy Bill

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