Nicholas John Anderson Buys 54 Shares of Spirax-Sarco Engineering plc (SPX) Stock
Spirax-Sarco Engineering plc (LON:SPX) insider Nicholas John Anderson purchased 54 shares of the firm’s stock in a transaction dated Wednesday, October 12th. The shares were bought at an average price of GBX 2,797 ($34.62) per share, with a total value of £1,510.38 ($1,869.28).
Shares of Spirax-Sarco Engineering plc (LON:SPX) traded up 1.09% during trading on Friday, hitting GBX 4562.00. The stock had a trading volume of 111,966 shares. The stock’s market capitalization is GBX 3.34 billion. Spirax-Sarco Engineering plc has a 12-month low of GBX 2,664.00 and a 12-month high of GBX 4,745.00. The stock’s 50-day moving average is GBX 4,450.64 and its 200-day moving average is GBX 3,879.87.
The business also recently announced a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 13th will be given a GBX 22.50 ($0.28) dividend. This represents a dividend yield of 0.52%. The ex-dividend date is Thursday, October 13th.
SPX has been the subject of several recent analyst reports. HSBC upped their price target on Spirax-Sarco Engineering plc from GBX 3,450 ($42.70) to GBX 4,000 ($49.50) and gave the stock a “hold” rating in a research note on Tuesday, August 16th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 4,100 ($50.74) price target on shares of Spirax-Sarco Engineering plc in a research note on Wednesday, August 10th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 3,500 ($43.32) price target on shares of Spirax-Sarco Engineering plc in a research note on Monday, June 27th. Finally, BNP Paribas reiterated an “underperform” rating and set a GBX 3,700 ($45.79) price target on shares of Spirax-Sarco Engineering plc in a research note on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Spirax-Sarco Engineering plc presently has an average rating of “Hold” and a consensus price target of GBX 3,558.50 ($44.04).
About Spirax-Sarco Engineering plc
Spirax-Sarco Engineering plc is a United Kingdom-based industrial engineering company. The Company’s segments include Europe, Middle East & Africa; Asia Pacific; Americas; Steam specialties business, and Watson-Marlow Fluid Technology Group (Watson-Marlow). The Company’s businesses include Spirax Sarco and Watson-Marlow.
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