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Spirax-Sarco Engineering (LON:SPX Get Free Report) had its price objective upped by research analysts at Berenberg Bank from GBX 8,800 ($111.69) to GBX 9,800 ($124.38) in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm currently has a hold rating on the stock. Berenberg Banks price target indicates a potential downside of 7.37% from the stocks previous close.

Several other equities research analysts have also issued reports on the stock. Shore Capital reissued a sell rating on shares of Spirax-Sarco Engineering in a research note on Monday, December 18th. Jefferies Financial Group raised shares of Spirax-Sarco Engineering to a hold rating and set a GBX 9,740 ($123.62) target price on the stock in a research note on Wednesday, January 31st. Finally, Numis Securities reissued a sell rating on shares of Spirax-Sarco Engineering in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the companys stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus target price of 102.13 ($129.63).

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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. 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 pumps, tubing, and specialty filling systems and products for single-use applications.

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Spirax-Sarco Engineering (LON:SPX) PT Raised to GBX 9800 - Defense World