Latest Stocks: Spirax-Sarco Engineering plc’s (SPX) “Buy” Rating Reaffirmed at Deutsche Bank AG

Latest Stocks: Spirax-Sarco Engineering plc’s (SPX) “Buy” Rating Reaffirmed at Deutsche Bank AG

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

Several other equities research analysts also recently issued reports on SPX. Liberum Capital reissued a “hold” rating on shares of Spirax-Sarco Engineering plc in a research report on Friday, May 26th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Spirax-Sarco Engineering plc in a research report on Wednesday, May 10th. Peel Hunt reissued an “add” rating on shares of Spirax-Sarco Engineering plc in a research report on Tuesday, May 9th. BNP Paribas reissued a “neutral” rating on shares of Spirax-Sarco Engineering plc in a research report on Friday, February 10th. Finally, Numis Securities Ltd downgraded shares of Spirax-Sarco Engineering plc to a “hold” rating in a research report on Thursday, March 9th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 3,825 ($49.42).

Shares of Spirax-Sarco Engineering plc (LON:SPX) opened at 5500.00 on Thursday. The firm’s market cap is GBX 4.04 billion. The firm’s 50 day moving average is GBX 5,296.86 and its 200-day moving average is GBX 4,655.73. Spirax-Sarco Engineering plc has a 52 week low of GBX 3,250.00 and a 52 week high of GBX 5,815.00.

The firm also recently announced a dividend, which was paid on Friday, May 26th. Investors of record on Thursday, April 27th were issued a dividend of GBX 53.50 ($0.69) per share. This is a boost from Spirax-Sarco Engineering plc’s previous dividend of $22.50. The ex-dividend date was Thursday, April 27th. This represents a yield of 1.16%.

In related news, insider James Whalen sold 3,585 shares of the stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of GBX 4,786 ($61.84), for a total transaction of £171,578.10 ($221,705.78). Also, insider Jane Kingston bought 1,080 shares of Spirax-Sarco Engineering plc stock in a transaction that occurred on Thursday, March 16th. The shares were acquired at an average price of GBX 4,787 ($61.86) per share, with a total value of £51,699.60 ($66,803.98).

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