Insider Buying: Spirax-Sarco Engineering (LON:SPX) Insider Acquires £133 in Stock

Spirax-Sarco Engineering plc (LON:SPX) insider Nimesh Patel bought 2 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was purchased at an average price of GBX 6,650 per share, with a total value of £133.

Nimesh Patel also recently made the following trade(s):

• On Friday, June 5th, Nimesh Patel purchased 3 shares of Spirax-Sarco Engineering stock. The shares were acquired at an average cost of GBX 6,925 per share, for a total transaction of £207.75.
• On Tuesday, May 5th, Nimesh Patel acquired 2 shares of Spirax-Sarco Engineering stock. The shares were acquired at an average price of GBX 7,262 per share, with a total value of £145.24.

Spirax-Sarco Engineering Stock Up 2.3%

Shares of Spirax-Sarco Engineering stock opened at GBX 6,542.28 on Friday. The company has a debt-to-equity ratio of 83.78, a current ratio of 1.85 and a quick ratio of 1.73. Spirax-Sarco Engineering plc has a 1-year low of GBX 5,950 and a 1-year high of GBX 8,050. The business’s fifty day moving average price is GBX 6,926.36 and its two-hundred day moving average price is GBX 7,102.41. The company has a market capitalization of £4.83 billion, a P/E ratio of 29.58, a PEG ratio of 2.20 and a beta of 1.15.

Wall Street Analyst Weigh In

Separately, UBS Group restated a “buy” rating and issued a £105 price objective on shares of Spirax-Sarco Engineering in a report on Monday, May 11th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 8,012.50.

Spirax-Sarco Engineering Company Profile

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.