Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) insider Nimesh Patel bought 2 shares of the stock in a transaction dated Friday, September 5th. The shares were acquired at an average price of GBX 7,159 per share, for a total transaction of £143.18.
Nimesh Patel also recently made the following trade(s):
- On Tuesday, August 5th, Nimesh Patel purchased 3 shares of Spirax-Sarco Engineering stock. The shares were bought at an average cost of GBX 6,119 per share, with a total value of £183.57.
- On Tuesday, July 8th, Nimesh Patel purchased 2 shares of Spirax-Sarco Engineering stock. The shares were bought at an average cost of GBX 6,190 per share, with a total value of £123.80.
Spirax-Sarco Engineering Stock Performance
Shares of LON SPX traded down GBX 80 during mid-day trading on Friday, hitting GBX 6,970. 149,912 shares of the company were exchanged, compared to its average volume of 708,016. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85. The stock has a 50 day simple moving average of GBX 6,637.70 and a 200-day simple moving average of GBX 6,321.63. Spirax-Sarco Engineering plc has a 1-year low of GBX 5,380 and a 1-year high of GBX 8,245. The firm has a market cap of £5.14 billion, a price-to-earnings ratio of 3,166.74, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68.
Spirax-Sarco Engineering (LON:SPX - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported GBX 137.60 earnings per share for the quarter. Spirax-Sarco Engineering had a return on equity of 16.58% and a net margin of 11.57%. On average, sell-side analysts forecast 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 recent analyst reports. Citigroup raised their target price on Spirax-Sarco Engineering from GBX 8,000 to GBX 8,400 and gave the company a "buy" rating in a report on Wednesday, August 13th. Shore Capital reissued an "under review" rating on shares of Spirax-Sarco Engineering in a report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a GBX 7,400 target price on shares of Spirax-Sarco Engineering in a report on Wednesday, July 2nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Spirax-Sarco Engineering currently has a consensus rating of "Hold" and a consensus target price of GBX 7,983.33.
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About Spirax-Sarco Engineering
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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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