Key Points
- Insider purchase: Nimesh Patel bought 2 shares on January 5 at GBX 6,860 (total £137.20) and previously bought 2 shares on November 5 at GBX 7,055 (total £141.10), representing very small recent insider purchases.
- Shares opened at GBX 6,965 with 50/200-day SMAs around GBX 6,859/6,741; the company has a market cap of £5.13 billion, a P/E of 31.6, a 52-week range of GBX 5,380–8,245, and a consensus analyst rating of Moderate Buy with a target of GBX 8,540.
- Corporate update: Spirax-Sarco Engineering rebranded to Spirax Group on 22 February 2024 to reflect its evolution into a larger group of three aligned businesses.
Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) insider Nimesh Patel bought 2 shares of Spirax-Sarco Engineering stock in a transaction on Monday, January 5th. The shares were acquired at an average cost of GBX 6,860 per share, with a total value of £137.20.
Nimesh Patel also recently made the following trade(s):
- On Wednesday, November 5th, Nimesh Patel bought 2 shares of Spirax-Sarco Engineering stock. The shares were bought at an average price of GBX 7,055 per share, for a total transaction of £141.10.
Spirax-Sarco Engineering Stock Performance
Shares of SPX opened at GBX 6,965 on Wednesday. The business has a 50-day simple moving average of GBX 6,858.96 and a two-hundred day simple moving average of GBX 6,741.31. The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85. Spirax-Sarco Engineering plc has a 52 week low of GBX 5,380 and a 52 week high of GBX 8,245. The stock has a market cap of £5.13 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.20 and a beta of 0.68.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on SPX. JPMorgan Chase & Co. lifted their target price on 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. Deutsche Bank Aktiengesellschaft lifted their target price on Spirax-Sarco Engineering from GBX 7,250 to GBX 7,500 and gave the stock a "hold" rating in a report on Thursday, November 13th. Peel Hunt reissued a "buy" rating and set a GBX 8,500 price target on shares of Spirax-Sarco Engineering in a research note on Thursday, November 13th. Shore Capital restated a "hold" rating on shares of Spirax-Sarco Engineering in a report on Thursday, November 13th. Finally, UBS Group raised Spirax-Sarco Engineering to a "buy" rating and lifted their price objective for the stock from GBX 7,500 to £105 in a research note on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Spirax-Sarco Engineering has an average rating of "Moderate Buy" and a consensus target price of GBX 8,540.
View Our Latest Research Report on Spirax-Sarco Engineering
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. It creates more distinction between the Group and its Spirax Sarco trading Division (part of Steam Thermal Solutions), providing improved clarity for all stakeholders.
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