Spirax-Sarco Engineering plc -20.3% potential downside indicated by RBC Capital Markets

Spirax-Sarco Engineering plc with ticker (LON:SPX) now has a potential downside of -20.3% according to RBC Capital Markets.



RBC Capital Markets set a target price of 10,500 GBX for the company, which when compared to the Spirax-Sarco Engineering plc share price of 12,635 GBX at opening today (20/04/2022) indicates a potential downside of -20.3%. Trading has ranged between 10,785 (52 week low) and 17,225 (52 week high) with an average of 172,347 shares exchanging hands daily. The market capitalisation at the time of writing is £9,238,610,973.

Spirax-Sarco Engineering PLC is a United Kingdom-based industrial engineering company, which focuses on thermal energy management . The Company is focused on three specialist engineering businesses, including steam specialties, electric thermal solutions and Watson-Marlow. Its steam specialty companies include Spirax Sarco and Gestra use natural technology to control and manage steam. Its electric thermal solutions companies include Chromalox and Thermocoax. Watson-Marlow provides customers with peristaltic pumps and associated fluid path technologies. The Company serves industries, including pharmaceutical & biotechnology, food & beverage, original equipment manufacturer (OEM), oil & gas, chemical, power generation, healthcare, buildings, mining & precious metal processing, water & waste water, pulp and paper.