Insider Buying: Spirax-Sarco Engineering plc (LON:SPX) Insider Buys 3 Shares of Stock

Key Points

• Spirax-Sarco Engineering plc insider Nimesh Patel purchased 3 shares at an average cost of GBX 6,119 ($81.74), totaling approximately £183.57 ($245.22).
• The company has a current market capitalization of £4.52 billion and a price-to-earnings (P/E) ratio of 23.55.
• JPMorgan Chase & Co. has maintained a "neutral" rating with a price target of GBX 7,400 ($98.85) for Spirax-Sarco Engineering shares.

Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) insider Nimesh Patel acquired 3 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average cost of GBX 6,119 ($81.74) per share, for a total transaction of £183.57 ($245.22).

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

• On Tuesday, July 8th, Nimesh Patel bought 2 shares of Spirax-Sarco Engineering stock. The stock was purchased at an average price of GBX 6,190 ($82.69) per share, for a total transaction of £123.80 ($165.38).

Spirax-Sarco Engineering Price Performance

SPX stock opened at GBX 6,140 ($82.02) on Thursday. The stock has a market capitalization of £4.52 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85. Spirax-Sarco Engineering plc has a 52-week low of GBX 5,380 ($71.87) and a 52-week high of GBX 8,245 ($110.14). The stock's fifty day simple moving average is GBX 6,022.99 and its 200-day simple moving average is GBX 6,472.87.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reiterated a "neutral" rating and set a GBX 7,400 ($98.85) price target on shares of Spirax-Sarco Engineering in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Spirax-Sarco Engineering presently has an average rating of "Hold" and a consensus price target of GBX 7,516.67 ($100.41).

About Spirax-Sarco Engineering

Spirax-Sarco Engineering rebrands as Spirax Group On 22 February 2024, Spirax-Sarco Engineering changed its name to Spirax Group which reflects the Company's evolution over many years to a larger and stronger Group of three aligned Businesses with differentiated and complementary capabilities. Our new name respects our history and where we have come from, with who we are today.

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