Key Points
- Insider Nimesh Patel bought 2 shares of Spirax-Sarco Engineering on November 5 at GBX 7,470 each, for a total of £149.40. Patel had also purchased 2 shares in September.
- Analysts’ average rating is Hold, with an average price target of GBX 8,155; three analysts rate the stock Buy, five Hold, and one Sell.
- The company reported quarterly earnings of GBX 150 per share. Analysts expect full-year EPS of GBX 334.54.
Spirax-Sarco Engineering plc (LON:SPX - Get Free Report) insider Nimesh Patel acquired 2 shares of the business's stock in a transaction on Thursday, November 5th. The shares were purchased at an average price of GBX 7,470 per share, with a total value of £149.40.
Nimesh Patel also recently made the following trade(s):
- On Monday, September 7th, Nimesh Patel bought 2 shares of Spirax-Sarco Engineering stock. The stock was purchased at an average price of GBX 6,897 per share, for a total transaction of £137.94.
Spirax-Sarco Engineering Stock Performance
LON SPX opened at GBX 7,335 on Tuesday. 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 stock's 50 day simple moving average is GBX 7,184.02 and its 200-day simple moving average is GBX 7,132.31. The company has a market cap of £5.41 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14. Spirax-Sarco Engineering plc has a 1-year low of GBX 5,950 and a 1-year high of GBX 8,050.
Spirax-Sarco Engineering (LON:SPX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported GBX 150 EPS for the quarter. Spirax-Sarco Engineering had a return on equity of 16.03% and a net margin of 11.36%. As a group, equities research analysts anticipate that Spirax-Sarco Engineering plc will post 334.54 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on SPX shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 7,500 price target on shares of Spirax-Sarco Engineering in a research note on Thursday, October 1st. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 8,740 price objective on shares of Spirax-Sarco Engineering in a research note on Wednesday, August 12th. Berenberg Bank reiterated a "hold" rating and issued a GBX 7,350 price objective on shares of Spirax-Sarco Engineering in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Spirax-Sarco Engineering from GBX 7,800 to GBX 8,600 and gave the stock a "neutral" rating in a research note on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of GBX 8,155.
Read Our Latest Research Report on SPX
About Spirax-Sarco Engineering
(
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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