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Spirax-Sarco Engineering (LON:SPX Free Report) had its price objective cut by Jefferies Financial Group from GBX 9,690 ($124.12) to GBX 9,580 ($122.71) in a research note published on Friday, Marketbeat.com reports. They currently have a hold rating on the stock.

Several other brokerages have also issued reports on SPX. Bank of America reiterated a buy rating on shares of Spirax-Sarco Engineering in a research note on Thursday, April 11th. Shore Capital restated a sell rating on shares of Spirax-Sarco Engineering in a research note on Wednesday, May 15th. Finally, Barclays lowered their price objective on shares of Spirax-Sarco Engineering from 105.80 ($135.52) to GBX 9,960 ($127.58) and set an equal weight rating on the stock in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Spirax-Sarco Engineering currently has a consensus rating of Hold and an average target price of 101.10 ($129.50).

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Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.

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Spirax-Sarco Engineering (LON:SPX) Price Target Lowered to GBX 9,580 at Jefferies Financial Group - Defense World