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

Spirax-Sarco Engineering plc (LON:SPX) insider Nimesh Patel purchased 2 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was purchased at an average price of GBX 7,112 per share, for a total transaction of £142.24.

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

• On Monday, July 6th, Nimesh Patel acquired 2 shares of Spirax-Sarco Engineering stock. The stock was bought at an average price of GBX 6,650 per share, with a total value of £133.
• On Friday, June 5th, Nimesh Patel bought 3 shares of Spirax-Sarco Engineering stock. The shares were acquired at an average price of GBX 6,925 per share, with a total value of £207.75.

Spirax-Sarco Engineering Price Performance

Shares of LON SPX traded up GBX 125 during midday trading on Friday, reaching GBX 7,500. 406,524 shares of the stock traded hands, compared to its average volume of 2,890,477. Spirax-Sarco Engineering plc has a one year low of GBX 5,950 and a one year high of GBX 8,050. The stock has a market capitalization of £5.53 billion, a PE ratio of 33.91, a P/E/G ratio of 2.20 and a beta of 1.15. 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’s 50 day moving average is GBX 6,870.20 and its 200 day moving average is GBX 7,108.47.

Wall Street Analysts Forecast Growth

Separately, UBS Group reaffirmed a “buy” rating and set a £105 price target on shares of Spirax-Sarco Engineering in a report on Monday, May 11th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Spirax-Sarco Engineering 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.