Spirax-Sarco Engineering (LON:SPX) Insider Nimesh Patel Sells 804 Shares

Spirax-Sarco Engineering plc (LON:SPX) insider Nimesh Patel sold 804 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of GBX 6,655, for a total value of £53,506.20.

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

• On Tuesday, March 10th, Nimesh Patel purchased 1,423 shares of Spirax-Sarco Engineering stock. The shares were purchased at an average cost of GBX 7,370 per share, with a total value of £104,875.10.
• On Thursday, February 5th, Nimesh Patel purchased 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 acquired 2 shares of Spirax-Sarco Engineering stock. The stock was purchased at an average price of GBX 6,860 per share, for a total transaction of £137.20.

Spirax-Sarco Engineering Trading Up 1.3%

Shares of Spirax-Sarco Engineering stock traded up GBX 85 during trading hours on Wednesday, reaching GBX 6,785. The stock had a trading volume of 364,297 shares, compared to its average volume of 1,379,432. The firm has a market capitalization of £5.01 billion, a price-to-earnings ratio of 30.83, a P/E/G ratio of 2.20 and a beta of 1.13. Spirax-Sarco Engineering plc has a 1 year low of GBX 5,380 and a 1 year high of GBX 8,050. The company has a current ratio of 1.85, a quick ratio of 1.73 and a debt-to-equity ratio of 83.78. The firm has a 50 day simple moving average of GBX 7,372 and a two-hundred day simple moving average of GBX 7,077.87.

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

Wall Street Analysts Forecast Growth

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