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

Key Points

• Nimesh Patel, an insider at Spirax-Sarco Engineering, recently purchased 2 shares at an average price of GBX 7,159 each, totaling £143.18.
• Spirax-Sarco Engineering has a market cap of £5.27 billion and reported earnings of GBX 137.60 per share for the last quarter.
• Equities analysts have mixed ratings for the stock, with a price target range between GBX 7,400 and GBX 8,400, and an average rating of "Hold."

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 stock was bought at an average price of GBX 7,159 per share, with a total value of £143.18.

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

• On Tuesday, August 5th, Nimesh Patel bought 3 shares of Spirax-Sarco Engineering stock. The stock was bought at an average price of GBX 6,119 per share, with a total value of £183.57.
• On Tuesday, July 8th, Nimesh Patel bought 2 shares of Spirax-Sarco Engineering stock. The stock was bought at an average price of GBX 6,190 per share, with a total value of £123.80.

Spirax-Sarco Engineering Price Performance

SPX stock opened at GBX 7,155 on Tuesday. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25. 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 £5.27 billion, a P/E ratio of 3,250.80, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68. The stock has a 50-day simple moving average of GBX 6,561.75 and a 200-day simple moving average of GBX 6,332.76.

Spirax-Sarco Engineering (LON:SPX - Get Free Report) last issued its quarterly earnings data 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, equities analysts predict that Spirax-Sarco Engineering plc will post 334.5410628 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SPX shares. Citigroup raised their price objective on Spirax-Sarco Engineering from GBX 8,000 to GBX 8,400 and gave the company a "buy" rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. restated a "neutral" rating and set a GBX 7,400 price objective on shares of Spirax-Sarco Engineering in a research note on Wednesday, July 2nd. Finally, Shore Capital restated an "under review" rating on shares of Spirax-Sarco Engineering in a research note on Tuesday, August 12th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of GBX 7,983.33.

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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