Spirax-Sarco Engineering (LON:SPX) Insider Louisa Burdet Sells 671 Shares

Spirax-Sarco Engineering plc (LON:SPX) insider Louisa Burdet sold 671 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of GBX 6,655, for a total transaction of £44,655.05.

Spirax-Sarco Engineering Trading Up 1.3%

LON:SPX opened at GBX 6,785 on Thursday. 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 debt-to-equity ratio of 83.78, a quick ratio of 1.73 and a current ratio of 1.85. The firm’s fifty day moving average is GBX 7,368.70 and its 200-day moving average is GBX 7,075.82. The firm has a market cap of £5.01 billion, a P/E ratio of 30.83, a P/E/G ratio of 2.20 and a beta of 1.13.

Spirax-Sarco Engineering (LON:SPX) last announced its earnings results on Tuesday, March 10th. The company reported GBX 296.30 earnings per share for the quarter. Spirax-Sarco Engineering had a net margin of 9.60% and a return on equity of 13.86%. Equities analysts expect that Spirax-Sarco Engineering plc will post 334.5410628 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SPX. JPMorgan Chase & Co. boosted their price objective 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. Stifel Nicolaus raised their target price on Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the stock a “hold” rating in a research note on Wednesday, March 11th. Royal Bank Of Canada lifted their target price on Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the stock an “underperform” rating in a report on Wednesday, March 11th. Shore Capital Group reissued a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, March 10th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 7,350 price target on shares of Spirax-Sarco Engineering in a report on Wednesday, March 11th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 8,012.50.

About Spirax-Sarco Engineering

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.