Spirax-Sarco Engineering (LON:SPX) Insider Nimesh Patel Purchases 3 Shares

Spirax-Sarco Engineering plc (LON:SPX) insider Nimesh Patel purchased 3 shares of the business’s stock in a transaction on Friday, June 5th. The shares were purchased at an average cost of GBX 6,925 per share, for a total transaction of £207.75.

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

• On Tuesday, May 5th, Nimesh Patel bought 2 shares of Spirax-Sarco Engineering stock. The stock was acquired at an average price of GBX 7,262 per share, with a total value of £145.24.
• On Monday, March 16th, Nimesh Patel sold 804 shares of Spirax-Sarco Engineering stock. The shares were sold at an average price of GBX 6,655, for a total transaction of £53,506.20.
• On Tuesday, March 10th, Nimesh Patel purchased 1,423 shares of Spirax-Sarco Engineering stock. The stock was bought at an average cost of GBX 7,370 per share, with a total value of £104,875.10.

Spirax-Sarco Engineering Stock Down 1.5%

SPX stock traded down GBX 105 during trading on Monday, reaching GBX 6,715. 225,173 shares of the stock were exchanged, compared to its average volume of 2,693,348. The company has a current ratio of 1.85, a quick ratio of 1.73 and a debt-to-equity ratio of 83.78. Spirax-Sarco Engineering plc has a twelve month low of GBX 5,724.50 and a twelve month high of GBX 8,050. The firm’s 50 day moving average is GBX 7,111.06 and its 200 day moving average is GBX 7,098.64. The firm has a market cap of £4.96 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 2.20 and a beta of 1.13.

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, research analysts forecast that Spirax-Sarco Engineering plc will post 334.5410628 EPS for the current year.

Wall Street Analyst Weigh In

SPX has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price target on Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the company a “hold” rating in a research note on Wednesday, March 11th. Royal Bank Of Canada increased their price objective on Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the stock an “underperform” rating in a research note on Wednesday, March 11th. UBS Group restated a “buy” rating and issued a £105 target price on shares of Spirax-Sarco Engineering in a report on Monday, May 11th. Shore Capital Group reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a report on Tuesday, March 10th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 7,350 price target on shares of Spirax-Sarco Engineering in a research report on Wednesday, March 11th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 8,012.50.

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.