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 firm’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of GBX 6,925 per share, with a total value of £207.75.

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

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

Spirax-Sarco Engineering Stock Performance

Shares of Spirax-Sarco Engineering stock traded down GBX 105 during trading hours on Monday, hitting GBX 6,715. 225,173 shares of the company’s stock traded hands, compared to its average volume of 2,693,348. The stock has a market capitalization of £4.96 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 2.20 and a beta of 1.13. Spirax-Sarco Engineering plc has a 12-month low of GBX 5,724.50 and a 12-month high of GBX 8,050. The company has a debt-to-equity ratio of 83.78, a current ratio of 1.85 and a quick ratio of 1.73. The company has a fifty day simple moving average of GBX 7,111.06 and a 200-day simple moving average of GBX 7,098.64.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SPX shares. Shore Capital Group reissued a “hold” rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, March 10th. Royal Bank Of Canada lifted their price target on shares of Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the stock an “underperform” rating in a report on Wednesday, March 11th. UBS Group reiterated a “buy” rating and issued a £105 price objective on shares of Spirax-Sarco Engineering in a research note on Monday, May 11th. Stifel Nicolaus raised their target price on Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the stock a “hold” rating in a research report on Wednesday, March 11th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a research note on Wednesday, March 11th. Three 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.