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Spirax-Sarco Engineering plc 16.5% Potential Upside 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 ‘OVERWEIGHT’ 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 6600 GBX on its stock. This indicates the analyst now believes there is a potential upside of 16.5% from today’s opening price of 5665 GBX. Over the last 30 and 90 trading days the company share price has increased 105 points and increased 30 points respectively. The 1 year high stock price is 6155 GBX while the year low share price is currently 4892 GBX.

Spirax-Sarco Engineering plc has a 50 day moving average of 5,731.25 GBX and the 200 Day Moving Average price is recorded at 5,688.66. There are currently 38,823,746 shares in issue with the average daily volume traded being 188,883. Market capitalisation for LON:SPX is £4,195,038,844 GBP.