Spirax-Sarco Engineering plc 6.4% Potential Decrease Indicated by HSBC

Broker Ratings

Spirax-Sarco Engineering plc with EPIC/TICKER (LON:SPX) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ this morning by analysts at HSBC. Spirax-Sarco Engineering plc are listed in the Industrials sector within UK Main Market. HSBC have set a target price of 8110 GBX on its stock. This would imply the analyst believes there is a potential downside of -6.4% from the opening price of 8664 GBX. Over the last 30 and 90 trading days the company share price has increased 484 points and decreased 31 points respectively. The 1 year high share price is 9535 GBX while the year low stock price is currently 7220 GBX.

Spirax-Sarco Engineering plc has a 50 day moving average of 8,687.44 GBX and a 200 Day Moving Average share price is recorded at 8,559.99. There are currently 73,666,646 shares in issue with the average daily volume traded being 287,125. Market capitalisation for LON:SPX is £6,476,771,516 GBP.

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