Spirax Group PLC -3.9% potential downside indicated by RBC Capital Markets

Spirax Group PLC with ticker (LON:SPX) now has a potential downside of -3.9% according to RBC Capital Markets.

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RBC Capital Markets set a target price of 7,000 GBX for the company, which when compared to the Spirax Group PLC share price of 7,285 GBX at opening today (06/09/2024) indicates a potential downside of -3.9%. Trading has ranged between 7,190 (52 week low) and 11,280 (52 week high) with an average of 249,626 shares exchanging hands daily. The market capitalisation at the time of writing is £5,377,370,479.

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.