Spirax Group PLC 24.5% potential upside indicated by Berenberg Bank

Spirax Group PLC with ticker (LON:SPX) now has a potential upside of 24.5% according to Berenberg Bank.

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Berenberg Bank set a target price of 8,150 GBX for the company, which when compared to the Spirax Group PLC share price of 6,545 GBX at opening today (04/11/2024) indicates a potential upside of 24.5%. Trading has ranged between 6,420 (52 week low) and 11,280 (52 week high) with an average of 160,823 shares exchanging hands daily. The market capitalisation at the time of writing is £4,847,363,370.

Spirax Group plc, formerly Spirax-Sarco Engineering plc, is a thermal energy management and fluid technology solutions company. The Company’s business includes Steam Thermal Solutions, Electric Thermal Solutions and Watson-Marlow Fluid Technology Solutions. The Steam Thermal Solutions includes industrial and commercial steam systems, including condensate management, control and thermal energy management products and solutions. Electric Thermal Solutions includes electrical process heating and temperature management solutions, including industrial heaters and systems, heat tracing and a range of component technologies. Its Watson-Marlow Fluid Technology Solutions includes peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, specialty filling systems and products for single-use applications. It serves various industries, such as pharmaceutical and biotechnology, food and beverage, oil and gas, chemicals, power generation, healthcare, and others.