Spirax-Sarco Engineering (LON:SPX) Insider Nimesh Patel Acquires 2 Shares of Stock

Spirax-Sarco Engineering plc (LON:SPX) insider Nimesh Patel bought 2 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was bought at an average cost of GBX 6,860 per share, for a total transaction of £137.20.

Nimesh Patel also recently made the following trade(s):

• On Wednesday, November 5th, Nimesh Patel purchased 2 shares of Spirax-Sarco Engineering stock. The stock was bought at an average cost of GBX 7,055 per share, with a total value of £141.10.

Spirax-Sarco Engineering Stock Performance

Shares of Spirax-Sarco Engineering stock opened at GBX 6,965 on Wednesday. Spirax-Sarco Engineering plc has a 1 year low of GBX 5,380 and a 1 year high of GBX 8,245. The firm’s 50-day moving average is GBX 6,858.96 and its 200 day moving average is GBX 6,741.31. The stock has a market cap of £5.13 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.20 and a beta of 0.68. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the company a “hold” rating in a research report on Thursday, November 13th. Peel Hunt reiterated a “buy” rating and set a GBX 8,500 target price on shares of Spirax-Sarco Engineering in a research note on Thursday, November 13th. JPMorgan Chase & Co. boosted their price target on Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. UBS Group raised Spirax-Sarco Engineering to a “buy” rating and upped their price target for the company from GBX 7,500 to £105 in a report on Tuesday, October 28th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Spirax-Sarco Engineering in a research report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 8,540.

Spirax-Sarco Engineering Company Profile

Spirax-Sarco Engineering rebrands as Spirax Group

On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company’s evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities.

Our new name respects our history and where we have come from, with who we are today. It creates more distinction between the Group and its Spirax Sarco trading Division (part of Steam Thermal Solutions), providing improved clarity for all stakeholders.