Spirax-Sarco Engineering plc -7.9% potential downside indicated by RBC Capital Markets

Spirax-Sarco Engineering plc with ticker (LON:SPX) now has a potential downside of -7.9% 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 11,330 GBX at opening today (17/08/2022) indicates a potential downside of -7.9%. Trading has ranged between 9,008 (52 week low) and 17,225 (52 week high) with an average of 162,064 shares exchanging hands daily. The market capitalisation at the time of writing is £8,145,188,823.

Spirax-Sarco Engineering plc is an industrial engineering company. It is engaged in the control and management of steam, electric thermal solutions, peristaltic pumping and associated fluid path technologies. Its segments include Steam Specialties, Electric Thermal Solutions, and Watson-Marlow. Its segments provide engineered products, services and solutions. Its offering to customers includes products and packages for condensate management, heat control and thermal energy management, which includes site surveys, energy audits and training. Its Steam Specialties segment include Spirax Sarco and Gestra brands. It has developed a range of first-fit and retrofit heating solutions, as well as thermal energy storage applications. It provides electrical process heating and temperature management solutions, heat tracing, and a range of component technologies through Chromalox and Thermocoax brands. Watson-Marlow segment makes peristaltic and niche pumps and associated fluid path technologies.