SPIRAX-SARCO ENG (SPXSF) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of SPIRAX-SARCO ENG (NASDAQ:SPXSF) from a buy rating to a hold rating in a research report released on Saturday morning.

According to Zacks, “Spirax-Sarco Engineering plc is a multi-national engineering group. The company’s business segment consists of Spirax Sarco for steam specialties and Watson-Marlow for niche peristaltic pumps and associated fluid path technologies. Spirax-Sarco Engineering plc is headquartered in Cheltenham, the United Kingdom. “

SPIRAX-SARCO ENG (SPXSF) remained flat at $75.85 during trading on Friday. The company has a market cap of $5.57 billion and a price-to-earnings ratio of 33.18. The stock’s 50-day moving average is $73.66 and its 200-day moving average is $66.96. SPIRAX-SARCO ENG has a 52-week low of $50.98 and a 52-week high of $76.95.

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