Home » Reports » Broker Ratings » Spirax-Sarco Engineering plc 13.9% Potential Decrease Indicated by Morgan Stanley

Spirax-Sarco Engineering plc 13.9% Potential Decrease Indicated by Morgan Stanley

Spirax-Sarco Engineering plc with EPIC/TICKER (LON:SPX) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘EQUAL WEIGHT’ this morning by analysts at Morgan Stanley. Spirax-Sarco Engineering plc are listed in the Industrials sector within UK Main Market. Morgan Stanley have set a target price of 7000 GBX on its stock. This now indicates the analyst believes there is a potential downside of -13.9% from today’s opening price of 8130 GBX. Over the last 30 and 90 trading days the company share price has increased 510 points and increased 355 points respectively. The 1 year high for the stock price is 9445 GBX while the 52 week low is 5875 GBX.

Spirax-Sarco Engineering plc has a 50 day moving average of 7,939.66 GBX and the 200 Day Moving Average price is recorded at 8,050.73. There are currently 73,612,195 shares in issue with the average daily volume traded being 205,313. Market capitalisation for LON:SPX is £6,150,298,892 GBP.