SPIRAX-SARCO ENGINEERING PLC OR found using the EPIC (LON:SPX) now have 13 analysts in total covering the company. The range between the high target price and low target price is between £72.50 and £60. meaning the average target price is £66.20. Given that the previous closing share price was at £115.00 this would indicate that there is a downside of -42.4%. The 50 day moving average now sits at £112.95 and the 200 moving average now moves to £112.91. The market cap for the company is £8b. Visit the company website at: http://www.spiraxsarcoengineering.com
Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, electrical heating and temperature management systems, and pumps and fluid path technologies. It offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating and curing, cleaning and sterilizing, hot water generation, space heating, and humidification; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications. The company serves food, beverage, pharmaceutical and biotechnology, oil, gas, chemical, healthcare, power generation, mining, precious metal processing, water and wastewater, pulp and paper, rubber and plastic, semiconductor, and other sectors; and original equipment manufacturers. Its products are also used to provide space heating, humidification, and hot water in public and private buildings. The company sells its products directly, as well as through distributors. It operates in Europe, the Middle East, and Africa; the Asia Pacific; and the Americas. Spirax-Sarco Engineering plc was founded in 1888 and is headquartered in Cheltenham, the United Kingdom.
