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

Spirax-Sarco Engineering plc (LON:SPX) insider Nimesh Patel bought 2 shares of the company’s stock in a transaction dated Thursday, November 5th. The stock was bought at an average cost of GBX 7,470 per share, with a total value of £149.40.

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

• On Monday, September 7th, Nimesh Patel purchased 2 shares of Spirax-Sarco Engineering stock. The stock was bought at an average price of GBX 6,897 per share, for a total transaction of £137.94.

Spirax-Sarco Engineering Price Performance

Shares of Spirax-Sarco Engineering stock traded up GBX 33.69 during midday trading on Monday, hitting GBX 7,335. 355,220 shares of the company traded hands, compared to its average volume of 2,346,777. The stock has a market cap of £5.41 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 2.20 and a beta of 1.14. The company has a debt-to-equity ratio of 86.79, a quick ratio of 1.73 and a current ratio of 2.14. The firm’s fifty day moving average price is GBX 7,179.52 and its 200-day moving average price is GBX 7,131.20. Spirax-Sarco Engineering plc has a 12 month low of GBX 5,950 and a 12 month high of GBX 8,050.

Spirax-Sarco Engineering (LON:SPX) last issued its quarterly earnings data on Tuesday, August 11th. The company reported GBX 150 EPS for the quarter. Spirax-Sarco Engineering had a net margin of 11.36% and a return on equity of 16.03%. As a group, sell-side analysts forecast that Spirax-Sarco Engineering plc will post 334.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SPX shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 8,740 price target on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th. Berenberg Bank reissued 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 restated a “hold” rating and set a GBX 7,500 price objective on shares of Spirax-Sarco Engineering in a research report on Thursday, October 1st. Finally, JPMorgan Chase & Co. upped their target price on Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.