Key Points
- Insider buying: Nimesh Patel purchased two Spirax-Sarco Engineering shares for £137.94 at GBX 6,897 each, following similar small purchases in July and August.
- Share performance: The stock opened at GBX 7,035.06, with a £5.19 billion market capitalization and a one-year trading range of GBX 5,950 to GBX 8,050.
- Analyst outlook: Analysts maintain an overall “Hold” rating, with an average price target of GBX 8,155; ratings include three Buys, five Holds and one Sell.
Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) insider Nimesh Patel acquired 2 shares of the stock in a transaction on Monday, September 7th. The shares were purchased at an average price of GBX 6,897 per share, with a total value of £137.94.
Nimesh Patel also recently made the following trade(s):
- On Wednesday, August 5th, Nimesh Patel acquired 2 shares of Spirax-Sarco Engineering stock. The shares were acquired at an average price of GBX 7,112 per share, with a total value of £142.24.
- On Monday, July 6th, Nimesh Patel purchased 2 shares of Spirax-Sarco Engineering stock. The stock was bought at an average price of GBX 6,650 per share, for a total transaction of £133.
Spirax-Sarco Engineering Price Performance
Shares of LON:SPX opened at GBX 7,035.06 on Thursday. The company has a market cap of £5.19 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 2.20 and a beta of 1.14. The company has a debt-to-equity ratio of 86.79, a current ratio of 2.14 and a quick ratio of 1.73. The firm has a 50 day simple moving average of GBX 6,973.99 and a 200 day simple moving average of GBX 7,049.72. Spirax-Sarco Engineering plc has a one year low of GBX 5,950 and a one year high of GBX 8,050.
Spirax-Sarco Engineering (LON:SPX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported GBX 150 earnings per share (EPS) for the quarter. Spirax-Sarco Engineering had a net margin of 11.36% and a return on equity of 16.03%. Research analysts predict that Spirax-Sarco Engineering plc will post 334.5410628 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on SPX shares. Berenberg Bank restated a "hold" rating and set a GBX 7,350 target price on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th. JPMorgan Chase & Co. boosted their price target on Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the company a "neutral" rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 7,500 price target on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 8,740 price objective on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of GBX 8,155.
View Our Latest Research Report on SPX
Spirax-Sarco Engineering Company Profile
(
Get Free Report)
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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