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

Key Points

• Nimesh Patel bought 2 shares on May 5 at GBX 7,262; combined with a Mar 10 purchase of 1,423 shares and a Mar 16 sale of 804 shares, Patel is a net buyer of 621 shares over the period.
• SPX opened at GBX 7,558, has a market capitalization of £5.57 billion, a P/E of 34.17 and a 52‑week range of GBX 5,535–8,050.
• Analysts' consensus is a Hold with an average price target of GBX 8,012.50, while individual targets cited range roughly GBX 6,800–7,350.

Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) insider Nimesh Patel purchased 2 shares of the business's stock in a transaction on Tuesday, May 5th. The shares were acquired at an average price of GBX 7,262 per share, for a total transaction of £145.24.

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

• 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 transaction 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, for a total transaction of £104,875.10.

Spirax-Sarco Engineering Stock Performance

Shares of SPX stock opened at GBX 7,558 on Thursday. The company has a quick ratio of 1.73, a current ratio of 1.85 and a debt-to-equity ratio of 83.78. Spirax-Sarco Engineering plc has a 52 week low of GBX 5,535 and a 52 week high of GBX 8,050. The stock has a market capitalization of £5.57 billion, a PE ratio of 34.17, a P/E/G ratio of 2.20 and a beta of 1.15. The firm has a 50 day moving average of GBX 7,170.53 and a two-hundred day moving average of GBX 7,098.37.

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

Analysts Set New Price Targets

SPX has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective 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. Shore Capital Group reiterated a "hold" rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, March 10th. Royal Bank Of Canada increased their price objective on shares of Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the company an "underperform" rating in a research report on Wednesday, March 11th. Finally, Berenberg Bank reaffirmed a "hold" rating and set a GBX 7,350 price objective on shares of Spirax-Sarco Engineering in a research report on Wednesday, March 11th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Spirax-Sarco Engineering has an average rating of "Hold" and a consensus 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.

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