Spirax-Sarco Engineering plc 19.1% Potential Decrease Indicated by Morgan Stanley

Broker Ratings

Spirax-Sarco Engineering plc using EPIC/TICKER code (LON:SPX) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘EQUAL WEIGHT’ today by analysts at Morgan Stanley. Spirax-Sarco Engineering plc are listed in the Industrials sector within UK Main Market. Morgan Stanley have set their target price at 7960 GBX on its stock. This is indicating the analyst believes there is a potential downside of -19.1% from today’s opening price of 9840 GBX. Over the last 30 and 90 trading days the company share price has increased 144 points and increased 1400 points respectively. The 1 year high for the stock price is 10225 GBX while the year low share price is currently 7220 GBX.

Spirax-Sarco Engineering plc has a 50 day moving average of 9,848.33 GBX and the 200 Day Moving Average price is recorded at 8,987.06. There are currently 73,666,646 shares in issue with the average daily volume traded being 140,584. Market capitalisation for LON:SPX is £7,436,647,913 GBP.

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