Insider Buying: Spirax-Sarco Engineering (LON:SPX) Insider Acquires £137.94 in Stock

Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) insider Nimesh Patel purchased 2 shares of the company's stock in a transaction that occurred on Monday, September 7th. The stock was acquired at an average cost of GBX 6,897 per share, with a total value of £137.94.

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

• On Wednesday, August 5th, Nimesh Patel purchased 2 shares of Spirax-Sarco Engineering stock. The stock was bought at an average price of GBX 7,112 per share, for a total transaction of £142.24.
• On Monday, July 6th, Nimesh Patel acquired 2 shares of Spirax-Sarco Engineering stock. The shares were bought at an average cost of GBX 6,650 per share, for a total transaction of £133.

Spirax-Sarco Engineering Stock Up 0.4%

Shares of Spirax-Sarco Engineering stock opened at GBX 7,125 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 1.73 and a debt-to-equity ratio of 86.79. Spirax-Sarco Engineering plc has a 12-month low of GBX 5,950 and a 12-month high of GBX 8,050. The company has a market cap of £5.26 billion, a P/E ratio of 26.55, a PEG ratio of 2.20 and a beta of 1.14. The company's fifty day simple moving average is GBX 6,968.99 and its two-hundred day simple moving average is GBX 7,055.14.

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last posted its earnings results 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%. Research analysts anticipate that Spirax-Sarco Engineering plc will post 334.5410628 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 7,500 price objective on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th. JPMorgan Chase & Co. raised their target price on Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the company a "neutral" rating in a research note on Wednesday, August 12th. Jefferies Financial Group restated a "buy" rating and set a GBX 8,740 price target on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th. Finally, Berenberg Bank reaffirmed a "hold" rating and issued a GBX 7,350 price target on shares of Spirax-Sarco Engineering in a research note on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Spirax-Sarco Engineering currently has a consensus rating of "Hold" and a consensus price target 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.

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