Key Points
- Insider Nimesh Patel bought 2 shares on Feb 5 at GBX 7,375 (total £147.50) and previously bought 2 shares on Jan 5 at GBX 6,860 (total £137.20), signalling small insider purchases at current price levels.
- Equity analysts show a consensus of Moderate Buy (3 Buy, 3 Hold) with an average price target of GBX 8,540, and several firms recently raised targets into the GBX 7,500–8,500 range.
- The company rebranded to Spirax Group on Feb 22, 2024 to reflect its evolution into three aligned and complementary businesses.
Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) insider Nimesh Patel bought 2 shares of Spirax-Sarco Engineering stock in a transaction that occurred on Thursday, February 5th. The stock was bought 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 purchased at an average cost of GBX 6,860 per share, for a total transaction of £137.20.
Spirax-Sarco Engineering Price Performance
Shares of Spirax-Sarco Engineering stock opened at GBX 7,285 on Friday. The company has a current ratio of 2.25, a quick ratio of 1.73 and a debt-to-equity ratio of 98.85. The firm has a fifty day simple moving average of GBX 6,979.44 and a 200-day simple moving average of GBX 6,910.94. The stock has a market capitalization of £5.38 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 2.20 and a beta of 0.68. Spirax-Sarco Engineering plc has a 1-year low of GBX 5,380 and a 1-year high of GBX 7,965.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on SPX shares. JPMorgan Chase & Co. raised their price objective on shares of Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the stock a "neutral" rating in a research note on Thursday, December 4th. UBS Group upgraded shares of Spirax-Sarco Engineering to a "buy" rating and raised their price target for the stock from GBX 7,500 to £105 in a research report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of 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 reiterated a "buy" rating and issued a GBX 8,500 target price on shares of Spirax-Sarco Engineering in a research note on Thursday, November 13th. Finally, Shore Capital Group restated a "hold" rating on shares of Spirax-Sarco Engineering in a research note on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 8,540.
View Our Latest Analysis on SPX
About Spirax-Sarco Engineering
(
Get Free Report)
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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