Key Points
- Louisa Burdet sold 671 shares of Spirax-Sarco Engineering on March 16 at an average price of GBX 6,655, generating proceeds of £44,655.05.
- The company rebranded to Spirax Group on February 22, 2024 to reflect its evolution into a larger group of three aligned businesses and to distinguish the Group from its Spirax Sarco trading division.
- The stock opened around GBX 6,785 with a market cap of £5.01 billion and a P/E of 30.83, and analysts have an average rating of Hold with a mean target of GBX 8,012.50.
Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) insider Louisa Burdet sold 671 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of GBX 6,655, for a total value of £44,655.05.
Spirax-Sarco Engineering Stock Up 1.3%
Shares of LON:SPX opened at GBX 6,785 on Thursday. The business's 50 day moving average is GBX 7,368.70 and its 200 day moving average is GBX 7,075.82. Spirax-Sarco Engineering plc has a 12-month low of GBX 5,380 and a 12-month high of GBX 8,050. The stock has a market cap of £5.01 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 2.20 and a beta of 1.13. The company has a quick ratio of 1.73, a current ratio of 1.85 and a debt-to-equity ratio of 83.78.
Spirax-Sarco Engineering (LON:SPX - Get Free Report) last released its quarterly earnings results on Tuesday, March 10th. The company reported GBX 296.30 EPS for the quarter. Spirax-Sarco Engineering had a return on equity of 13.86% and a net margin of 9.60%. On average, sell-side analysts forecast that Spirax-Sarco Engineering plc will post 334.5410628 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
SPX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the company a "neutral" rating in a research report on Thursday, December 4th. Royal Bank Of Canada upped their price objective on shares of Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the stock an "underperform" rating in a research report on Wednesday, March 11th. Shore Capital Group reissued a "hold" rating on shares of Spirax-Sarco Engineering in a research report on Tuesday, March 10th. Berenberg Bank restated a "hold" rating and issued a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a research note on Wednesday, March 11th. Finally, Stifel Nicolaus upped their target price on Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the company a "hold" rating in a report on Wednesday, March 11th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of GBX 8,012.50.
Read Our Latest Research Report on SPX
Spirax-Sarco Engineering Company Profile
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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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