Spirax-Sarco Engineering (LON:SPX) Insider Nimesh Patel Purchases 1,423 Shares

Spirax-Sarco Engineering plc (LON:SPX) insider Nimesh Patel purchased 1,423 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average price of GBX 7,370 per share, for a total transaction of £104,875.10.

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

• On Thursday, February 5th, Nimesh Patel acquired 2 shares of Spirax-Sarco Engineering stock. The shares were purchased at an average price of GBX 7,375 per share, with a total value of £147.50.
• On Monday, January 5th, Nimesh Patel bought 2 shares of Spirax-Sarco Engineering stock. The stock was purchased at an average cost of GBX 6,860 per share, with a total value of £137.20.

Spirax-Sarco Engineering Trading Up 3.8%

Shares of LON SPX opened at GBX 7,325 on Wednesday. The firm’s 50 day moving average price is GBX 7,372.30 and its 200-day moving average price is GBX 7,091.39. The company has a debt-to-equity ratio of 92.52, a quick ratio of 1.73 and a current ratio of 1.77. Spirax-Sarco Engineering plc has a 52-week low of GBX 5,380 and a 52-week high of GBX 8,050. The company has a market cap of £5.41 billion, a PE ratio of 33.28, a P/E/G ratio of 2.20 and a beta of 1.13.

Spirax-Sarco Engineering (LON:SPX) last posted its earnings results on Tuesday, March 10th. The company reported GBX 296.30 EPS for the quarter. Spirax-Sarco Engineering had a net margin of 9.80% and a return on equity of 13.88%. On average, equities research analysts expect that Spirax-Sarco Engineering plc will post 334.5410628 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SPX shares. Peel Hunt reiterated a “buy” rating and issued a GBX 8,500 price target on shares of Spirax-Sarco Engineering in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the stock a “hold” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. upped their target price on Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from 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.