Key Points
- Insider purchase: Director Nimesh Patel bought 1,423 shares on March 10 at GBX 7,370 per share, a transaction worth £104,875.10, after making smaller purchases in January and February.
- Company rebrand: Spirax‑Sarco Engineering changed its name to Spirax Group on 22 February 2024 to reflect its evolution into a larger group with three aligned businesses.
- Analyst view: The stock carries an average rating of "Moderate Buy" with a consensus target of GBX 8,540 (three Buy and three Hold ratings), and a market cap of about £5.41 billion.
Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) insider Nimesh Patel acquired 1,423 shares of the company's stock in a transaction on Tuesday, March 10th. The stock was acquired at an average cost of GBX 7,370 per share, for a total transaction of £104,875.10.
Nimesh Patel also recently made the following trade(s):
- On Thursday, February 5th, Nimesh Patel acquired 2 shares of Spirax-Sarco Engineering stock. The stock was purchased at an average price of GBX 7,375 per share, for a total transaction of £147.50.
- On Monday, January 5th, Nimesh Patel bought 2 shares of Spirax-Sarco Engineering stock. The stock was purchased at an average price of GBX 6,860 per share, for a total transaction of £137.20.
Spirax-Sarco Engineering Stock Performance
Shares of LON:SPX opened at GBX 7,325 on Wednesday. The company has a debt-to-equity ratio of 92.52, a current ratio of 1.77 and a quick ratio of 1.73. Spirax-Sarco Engineering plc has a 1 year low of GBX 5,380 and a 1 year high of GBX 8,050. The firm has a market capitalization of £5.41 billion, a PE ratio of 33.28, a P/E/G ratio of 2.20 and a beta of 1.13. The business's 50 day moving average price is GBX 7,372.30 and its 200-day moving average price is GBX 7,091.39.
Spirax-Sarco Engineering (LON:SPX - Get Free Report) last announced its quarterly earnings data on Tuesday, March 10th. The company reported GBX 296.30 earnings per share for the quarter. Spirax-Sarco Engineering had a return on equity of 13.88% and a net margin of 9.80%. As a group, equities research analysts expect that Spirax-Sarco Engineering plc will post 334.5410628 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
SPX has been the subject of several research reports. JPMorgan Chase & Co. upped 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of 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. Shore Capital Group restated a "hold" rating on shares of Spirax-Sarco Engineering in a research report on Tuesday. Finally, Peel Hunt reaffirmed a "buy" rating and issued a GBX 8,500 price target on shares of Spirax-Sarco Engineering in a report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 8,540.
Read Our Latest Stock Analysis on SPX
Spirax-Sarco Engineering Company Profile
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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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