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A statement released earlier today by JP Morgan Cazenove about Spirax-Sarco Engineering PLC (LON:SPX) bumps the target price to 4,500.00GBX

Showing a price of 4,386.00GBX, Spirax-Sarco Engineering PLC (LON:SPX) traded 0.25% lower on the day. The last stock price close is up 18.11% from the two hundred day moving average, compared to the S&P 500 Index which has fallen -0.01% over the same period. The company has been tracking to a 50-day average of 4,308.22GBX and 200-day average of 3,739.78GBX. 219,582 shares of SPX exchanged hands, up from ann avg. volume of 156,144

In a statement issued on 8/22/2016 JP Morgan Cazenove bumped up the target price of Spirax-Sarco Engineering PLC (LON:SPX) from 3,500GBX to 4,500GBX indicating a possible upsideof 0.03%.

On 8/16/2016, HSBC released a statement on Spirax-Sarco Engineering PLC(LON:SPX) upped the target price from 3,450.00GBX to 4,000.00GBX. At the time, this indicated a possible downside of -0.10%.

Performance Graphic:

Spirax-Sarco Engineering PLC (LON:SPX)

In addition to JP Morgan Cazenove reporting it’s stock price target, a total of 11 equity analysts have issued a ratings update on Spirax-Sarco Engineering PLC. The consensus target stock price is 3,440.45GBX with 0 rating the company a strong buy, three analysts rating the stock a buy, eight firms rating the stock a hold, one analyst rating the stock to underperform, and lastly one firm rating the company as sell.

Spirax-Sarco Engineering PLC has a 52 week low of 2,664.00GBX and a 52 week high of 4,486.00GBX with a price-earnings ratio of 30. The company’s market cap is presently 0.0 GBX.

About Spirax-Sarco Engineering PLC (LON:SPX)

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. Spirax Sarco supplies engineered solutions for the design, maintenance and provision of industrial and commercial steam systems. The Spirax Sarco steam specialties business also offers new steam systems, steam system audits, engineered solutions, training, and maintenance, repair and operations. Watson-Marlow designs and manufactures peristaltic pumps and associated fluid path technologies. Its brands include BioPure, which supplies a range of single-use fluid path components; Asepco, which supplies biopharmaceutical customers with weirless radial diaphragm valves, and Flow Smart, which supplies sanitary gaskets, and silicone transfer tubing and reinforced silicone hoses.

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