Spirax-Sarco Engineering plc (LON:SPX) Insider Acquires £123.80 in Stock

by · The Cerbat Gem

Spirax-Sarco Engineering plc (LON:SPX – Get Free Report) insider Nimesh Patel bought 2 shares of the stock in a transaction on Tuesday, July 8th. The stock was purchased at an average price of GBX 6,190 ($83.50) per share, for a total transaction of £123.80 ($167.00).

Spirax-Sarco Engineering Price Performance

Shares of Spirax-Sarco Engineering stock opened at GBX 6,180 ($83.37) on Friday. The company’s fifty day simple moving average is GBX 5,975.63 and its two-hundred day simple moving average is GBX 6,546.21. Spirax-Sarco Engineering plc has a 12-month low of GBX 5,380 ($72.58) and a 12-month high of GBX 9,075 ($122.42). The company has a quick ratio of 1.73, a current ratio of 2.25 and a debt-to-equity ratio of 98.85. The firm has a market cap of £4.55 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 2.20 and a beta of 0.68.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 7,400 ($99.82) target price on shares of Spirax-Sarco Engineering in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Spirax-Sarco Engineering presently has a consensus rating of “Hold” and an average price target of GBX 8,032.50 ($108.36).

View Our Latest Analysis on Spirax-Sarco Engineering

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.

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