Nimesh Patel Acquires 2 Shares of Spirax-Sarco Engineering plc (LON:SPX) Stock

Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) insider Nimesh Patel purchased 2 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The stock was bought at an average cost of GBX 6,190 ($83.50) per share, with a total value of £123.80 ($167.00).

Spirax-Sarco Engineering Trading Down 2.4%

SPX traded down GBX 155 ($2.09) during trading on Friday, hitting GBX 6,180 ($83.37). The company's stock had a trading volume of 114,129 shares, compared to its average volume of 713,769. The firm's 50 day moving average price is GBX 5,975.63 and its 200-day moving average price is GBX 6,544.17. The company has a debt-to-equity ratio of 98.85, a current ratio of 2.25 and a quick ratio of 1.73. The stock has a market cap of £4.55 billion, a PE ratio of 23.70, a PEG ratio of 2.20 and a beta of 0.68. Spirax-Sarco Engineering plc has a twelve month low of GBX 5,380 ($72.58) and a twelve month high of GBX 9,075 ($122.42).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a GBX 7,400 ($99.82) target price 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, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of GBX 8,032.50 ($108.36).

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.