Spirax-Sarco Engineering plc 32.2% potential upside indicated by JP Morgan

Spirax-Sarco Engineering plc with ticker (LON:SPX) now has a potential upside of 32.2% according to JP Morgan.



JP Morgan set a target price of 11,100 GBX for the company, which when compared to the Spirax-Sarco Engineering plc share price of 8,398 GBX at opening today (09/11/2023) indicates a potential upside of 32.2%. Trading has ranged between 7,900 (52 week low) and 14,042 (52 week high) with an average of 170,866 shares exchanging hands daily. The market capitalisation at the time of writing is £6,322,607,485.

Spirax-Sarco Engineering plc is an industrial engineering company. The Company operates through three segments: Steam Specialties, Electric Thermal Solutions, and Watson-Marlow. The Steam Specialties segment includes Industrial and commercial steam systems, including condensate management, control and thermal energy management products and solutions. The Electric Thermal Solutions segment includes electrical process heating and temperature management solutions, including industrial heaters and systems, heat tracing and a range of component technologies. The Watson-Marlow segment includes peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, specialty filling systems and products for single-use applications. The Company serves various industries, such as pharmaceutical and biotechnology, food and beverage, oil and gas, chemicals, power generation, healthcare, water and wastewater, buildings, semiconductors, and transport.