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Spirax-Sarco Engineering plc 27.6% Potential Upside Indicated by Bank of America Merrill Lynch

Spirax-Sarco Engineering plc using EPIC/TICKER code (LON:SPX) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Bank of America Merrill Lynch. Spirax-Sarco Engineering plc are listed in the Industrials sector within UK Main Market. Bank of America Merrill Lynch have set a target price of 9500 GBX on its stock. This indicates the analyst now believes there is a potential upside of 27.6% from the opening price of 7445 GBX. Over the last 30 and 90 trading days the company share price has decreased 655 points and decreased 1320 points respectively. The 52 week high share price is 9445 GBX while the year low stock price is currently 5875 GBX.

Spirax-Sarco Engineering plc has a 50 day moving average of 8,041.93 GBX and a 200 day moving average of 7,878.72. There are currently 115,946,668 shares in issue with the average daily volume traded being 211,619. Market capitalisation for LON:SPX is £5,506,192,186 GBP.