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 purchased 3 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was purchased at an average price of GBX 6,119 ($82.27) per share, for a total transaction of £183.57 ($246.80).

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

• On Tuesday, July 8th, Nimesh Patel acquired 2 shares of Spirax-Sarco Engineering stock. The shares were bought at an average price of GBX 6,190 ($83.22) per share, for a total transaction of £123.80 ($166.44).

Spirax-Sarco Engineering Stock Down 1.1%

Shares of LON:SPX traded down GBX 70 ($0.94) during trading on Monday, reaching GBX 6,080 ($81.74). 85,517 shares of the company traded hands, compared to its average volume of 636,112. The firm has a fifty day simple moving average of GBX 6,038.19 and a 200 day simple moving average of GBX 6,438.26. The firm has a market cap of £4.48 billion, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. Spirax-Sarco Engineering plc has a 1-year low of GBX 5,380 ($72.33) and a 1-year high of GBX 8,245 ($110.85). The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. restated a "neutral" rating and set a GBX 7,400 ($99.49) target price on shares of Spirax-Sarco Engineering in a report on Wednesday, July 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Spirax-Sarco Engineering has an average rating of "Hold" and an average price target of GBX 7,516.67 ($101.06).

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.