what a great buying opportunity for this super Engineering company

Spirax-Sarco Engineering: Investec places its target prev.: 2800p under review, while staying with its hold recommendation.

Spirax-Sarco Engineering published their 2015 half year results: this remains a fantastic business with terrific cash generation attractions, but with the shares trading at 21x full year 2015 estimates and 20x for 2016, a special dividend already paid and the outlook looking somewhat uncertain there is little room to disappoint.

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