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Spirax-Sarco Engineering plc 10.8% Potential Decrease Indicated by Goldman Sachs

Spirax-Sarco Engineering plc with EPIC/TICKER (LON:SPX) had its stock rating noted as ‘Retains’ with the recommendation being set at ‘SELL’ this morning by analysts at Goldman Sachs. Spirax-Sarco Engineering plc are listed in the Industrials sector within UK Main Market. Goldman Sachs have set their target price at 7200 GBX on its stock. This would imply the analyst believes there is a potential downside of -10.8% from today’s opening price of 8075 GBX. Over the last 30 and 90 trading days the company share price has decreased 695 points and decreased 175 points respectively. The 1 year high for the stock price is 9445 GBX while the year low share price is currently 5875 GBX.

Spirax-Sarco Engineering plc has a 50 day moving average of 8,906.15 GBX and a 200 Day Moving Average share price is recorded at 7,534.31. There are currently 73,612,195 shares in issue with the average daily volume traded being 279,276. Market capitalisation for LON:SPX is £5,774,876,697 GBP.