Key Points
- Insider buying: Nimesh Patel purchased 2 Spirax-Sarco Engineering shares at GBX 7,112 each, following purchases in June and July.
- Stock metrics: Shares opened at GBX 7,500, with a £5.53 billion market capitalization and a 52-week trading range of GBX 5,950 to GBX 8,050.
- Analyst view: UBS reiterated a “Buy” rating with a £105 price target, but overall analyst sentiment remains “Hold,” with a consensus target of GBX 8,012.50.
Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) insider Nimesh Patel bought 2 shares of the stock in a transaction on Wednesday, August 5th. The stock was purchased 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 purchased 2 shares of Spirax-Sarco Engineering stock. The stock was purchased at an average price of GBX 6,650 per share, with a total value of £133.
- On Friday, June 5th, Nimesh Patel acquired 3 shares of Spirax-Sarco Engineering stock. The stock was acquired at an average price of GBX 6,925 per share, for a total transaction of £207.75.
Spirax-Sarco Engineering Price Performance
Shares of LON SPX opened at GBX 7,500 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.73 and a debt-to-equity ratio of 83.78. The stock has a market cap of £5.53 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 2.20 and a beta of 1.15. The company's 50-day moving average price is GBX 6,880.90 and its 200 day moving average price is GBX 7,111.21. Spirax-Sarco Engineering plc has a 52 week low of GBX 5,950 and a 52 week high of GBX 8,050.
Analysts Set New Price Targets
Separately, UBS Group restated a "buy" rating and set a £105 price objective on shares of Spirax-Sarco Engineering in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Spirax-Sarco Engineering presently has a consensus rating of "Hold" and a consensus price target of GBX 8,012.50.
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About Spirax-Sarco Engineering
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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.
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