Spirax-Sarco Engineering (LON:SPX) Insider Purchases £147.50 in Stock

Spirax-Sarco Engineering plc (LON:SPX) insider Nimesh Patel bought 2 shares of Spirax-Sarco Engineering stock in a transaction dated Thursday, February 5th. The stock was purchased at an average price of GBX 7,375 per share, with a total value of £147.50.

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

• On Monday, January 5th, Nimesh Patel purchased 2 shares of Spirax-Sarco Engineering stock. The stock was acquired at an average cost of GBX 6,860 per share, with a total value of £137.20.

Spirax-Sarco Engineering Trading Up 1.6%

LON:SPX opened at GBX 7,400 on Monday. Spirax-Sarco Engineering plc has a 1 year low of GBX 5,380 and a 1 year high of GBX 7,965. The company has a debt-to-equity ratio of 98.85, a quick ratio of 1.73 and a current ratio of 2.25. The stock has a fifty day moving average price of GBX 6,979.44 and a two-hundred day moving average price of GBX 6,922.35. The stock has a market capitalization of £5.47 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 2.20 and a beta of 0.68.

Analyst Ratings Changes

Several brokerages have recently commented on SPX. Deutsche Bank Aktiengesellschaft boosted their price target on Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the stock a “hold” rating in a research note on Thursday, November 13th. Peel Hunt reiterated a “buy” rating and set a GBX 8,500 target price on shares of Spirax-Sarco Engineering in a research report on Thursday, November 13th. Shore Capital Group reissued a “hold” rating on shares of Spirax-Sarco Engineering in a report on Thursday, November 13th. UBS Group upgraded Spirax-Sarco Engineering to a “buy” rating and raised their price target for the company from GBX 7,500 to £105 in a research report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 8,540.

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. It creates more distinction between the Group and its Spirax Sarco trading Division (part of Steam Thermal Solutions), providing improved clarity for all stakeholders.