Spirax-Sarco Engineering (LON:SPX) Insider Purchases £137.94 in Stock

Spirax-Sarco Engineering plc (LON:SPX) insider Nimesh Patel purchased 2 shares of the firm’s stock in a transaction on Monday, September 7th. The shares were acquired at an average price 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 acquired at an average cost of GBX 7,112 per share, for a total transaction of £142.24.
• On Monday, July 6th, Nimesh Patel acquired 2 shares of Spirax-Sarco Engineering stock. The stock was acquired at an average price of GBX 6,650 per share, with a total value of £133.

Spirax-Sarco Engineering Trading Up 0.7%

Shares of SPX stock opened at GBX 6,879.97 on Friday. The firm has a fifty day moving average of GBX 6,977.22 and a 200-day moving average of GBX 7,041.04. The stock has a market cap of £5.08 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 2.20 and a beta of 1.14. Spirax-Sarco Engineering plc has a 52-week low of GBX 5,950 and a 52-week high of GBX 8,050. The company has a debt-to-equity ratio of 86.79, a quick ratio of 1.73 and a current ratio of 2.14.

Spirax-Sarco Engineering (LON:SPX) last issued its earnings results 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%. On average, equities research analysts forecast that Spirax-Sarco Engineering plc will post 334.5410628 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SPX shares. Berenberg Bank reaffirmed a “hold” rating and set a GBX 7,350 price objective on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th. 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. Jefferies Financial Group restated a “buy” rating and set a GBX 8,740 target price on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. boosted their price target 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. Three research analysts have rated the stock with a Buy rating, five have assigned 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 an average 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.