Spirax-Sarco Engineering (LON:SPX) Insider Purchases 2 Shares

Spirax-Sarco Engineering plc (LON:SPX) insider Nimesh Patel purchased 2 shares of Spirax-Sarco Engineering stock in a transaction dated Wednesday, August 5th. The shares were bought at an average cost of GBX 7,112 per share, for a total transaction of £142.24.

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

• On Monday, July 6th, Nimesh Patel acquired 2 shares of Spirax-Sarco Engineering stock. The stock was purchased at an average cost of GBX 6,650 per share, with a total value of £133.
• On Friday, June 5th, Nimesh Patel bought 3 shares of Spirax-Sarco Engineering stock. The shares were acquired at an average cost of GBX 6,925 per share, for a total transaction of £207.75.

Spirax-Sarco Engineering Stock Performance

Shares of Spirax-Sarco Engineering stock traded up GBX 125 during trading hours on Friday, reaching GBX 7,500. The company’s stock had a trading volume of 406,524 shares, compared to its average volume of 2,890,477. The company’s 50 day simple moving average is GBX 6,870.20 and its 200 day simple moving average is GBX 7,108.47. The company has a debt-to-equity ratio of 83.78, a quick ratio of 1.73 and a current ratio of 1.85. Spirax-Sarco Engineering plc has a one year low of GBX 5,950 and a one year high of GBX 8,050. The stock has a market cap of £5.53 billion, a P/E ratio of 33.91, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15.

Analysts Set New Price Targets

Separately, UBS Group reissued a “buy” rating and set a £105 price target on shares of Spirax-Sarco Engineering in a report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 8,012.50.

About Spirax-Sarco Engineering

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.