Spirax-Sarco Engineering (LON:SPX) Insider Buys 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, September 7th. The stock was bought at an average cost of GBX 6,897 per share, for a total transaction of £137.94.

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

• On Wednesday, August 5th, Nimesh Patel purchased 2 shares of Spirax-Sarco Engineering stock. The stock was bought at an average cost of GBX 7,112 per share, with a total value of £142.24.
• On Monday, July 6th, Nimesh Patel purchased 2 shares of Spirax-Sarco Engineering stock. The stock was bought at an average cost of GBX 6,650 per share, with a total value of £133.

Spirax-Sarco Engineering Stock Performance

Shares of Spirax-Sarco Engineering stock opened at GBX 7,125 on Wednesday. Spirax-Sarco Engineering plc has a 1 year low of GBX 5,950 and a 1 year high of GBX 8,050. The firm’s 50-day moving average is GBX 6,968.99 and its 200 day moving average is GBX 7,055.14. The stock has a market cap of £5.26 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 2.20 and a beta of 1.14. The company has a debt-to-equity ratio of 86.79, a current ratio of 2.14 and a quick ratio of 1.73.

Spirax-Sarco Engineering (LON:SPX) last released its quarterly earnings data on Tuesday, August 11th. The company reported GBX 150 earnings per share for the quarter. Spirax-Sarco Engineering had a net margin of 11.36% and a return on equity of 16.03%. Sell-side analysts anticipate that Spirax-Sarco Engineering plc will post 334.5410628 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 8,740 price target on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 7,350 price objective on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th. JPMorgan Chase & Co. increased their target price on Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 7,500 target price on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Spirax-Sarco Engineering currently has a consensus rating of “Hold” and a consensus price target of GBX 8,155.

Spirax-Sarco Engineering Company Profile

Spirax Group is positioned to play a critical role in enabling the industrial transition to net zero, aligned to our Purpose to create sustainable value for all our stakeholders as we engineer a more efficient, safer and sustainable world. We put solving customers’ problems at the heart of our total solutions approach. Our global thermal energy and fluid technology solutions improve operating efficiency and safety in our customers’ critical industrial processes. Our new-to-world decarbonisation* solutions will use our proprietary technologies to electrify boilers for the raising of steam, as well as the electrification of other critical industrial process heating applications.