Spirax-Sarco Engineering plc -8.5% potential downside indicated by Berenberg Bank

Spirax-Sarco Engineering plc with ticker (LON:SPX) now has a potential downside of -8.5% according to Berenberg Bank.



Berenberg Bank set a target price of 9,800 GBX for the company, which when compared to the Spirax-Sarco Engineering plc share price of 10,705 GBX at opening today (14/03/2024) indicates a potential downside of -8.5%. Trading has ranged between 7,900 (52 week low) and 11,913 (52 week high) with an average of 159,998 shares exchanging hands daily. The market capitalisation at the time of writing is £7,823,950,102.

Spirax-Sarco Engineering plc is a United Kingdom-based thermal energy management and fluid technology solutions. The Company has 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. 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. 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.