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

Spirax-Sarco Engineering plc (LON:SPX) insider Nimesh Patel bought 2 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were purchased at an average cost of GBX 7,375 per share, with a total value of £147.50.

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

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

Spirax-Sarco Engineering Stock Performance

Shares of SPX opened at GBX 7,285 on Friday. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73. The firm’s 50 day moving average is GBX 6,979.44 and its 200-day moving average is GBX 6,910.94. Spirax-Sarco Engineering plc has a 12-month low of GBX 5,380 and a 12-month high of GBX 7,965. The stock has a market capitalization of £5.38 billion, a P/E ratio of 33.10, a P/E/G ratio of 2.20 and a beta of 0.68.

Wall Street Analysts Forecast Growth

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