Nimesh Patel Purchases 2 Shares of Spirax-Sarco Engineering (LON:SPX) Stock

Spirax-Sarco Engineering plc (LON:SPX) insider Nimesh Patel purchased 2 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was bought at an average cost of GBX 6,650 per share, for a total transaction of £133.

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

• On Friday, June 5th, Nimesh Patel acquired 3 shares of Spirax-Sarco Engineering stock. The shares were purchased at an average cost of GBX 6,925 per share, with a total value of £207.75.
• On Tuesday, May 5th, Nimesh Patel bought 2 shares of Spirax-Sarco Engineering stock. The stock was purchased at an average cost of GBX 7,262 per share, with a total value of £145.24.

Spirax-Sarco Engineering Stock Performance

LON:SPX opened at GBX 6,305 on Wednesday. The company has a market capitalization of £4.65 billion, a P/E ratio of 28.50, a P/E/G ratio of 2.20 and a beta of 1.15. The business has a fifty day simple moving average of GBX 6,975.36 and a two-hundred day simple moving average of GBX 7,111.99. The company has a debt-to-equity ratio of 83.78, a current ratio of 1.85 and a quick ratio of 1.73. Spirax-Sarco Engineering plc has a 1 year low of GBX 5,950 and a 1 year high of GBX 8,050.

Analyst Ratings Changes

Several brokerages recently weighed in on SPX. Stifel Nicolaus lifted their price objective on Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the stock a “hold” rating in a report on Wednesday, March 11th. Berenberg Bank reiterated a “hold” rating and set a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a research report on Wednesday, March 11th. Shore Capital Group reiterated a “hold” rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, March 10th. UBS Group reissued a “buy” rating and issued a £105 price target on shares of Spirax-Sarco Engineering in a research report on Monday, May 11th. Finally, Royal Bank Of Canada upped their price target on shares of Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the company an “underperform” rating in a research note on Wednesday, March 11th. Three equities 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 company. According to data from MarketBeat.com, the company currently has an average 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.