Insider Selling: Spirax-Sarco Engineering (LON:SPX) Insider Sells £44,655.05 in Stock

Spirax-Sarco Engineering plc (LON:SPX) insider Louisa Burdet sold 671 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of GBX 6,655, for a total value of £44,655.05.

Spirax-Sarco Engineering Stock Performance

Shares of LON SPX opened at GBX 6,395 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.85 and a debt-to-equity ratio of 83.78. The business’s 50 day moving average is GBX 7,346.10 and its two-hundred day moving average is GBX 7,066.26. The company has a market cap of £4.73 billion, a P/E ratio of 29.05, a P/E/G ratio of 2.20 and a beta of 1.13. Spirax-Sarco Engineering plc has a 12 month low of GBX 5,380 and a 12 month high of GBX 8,050.

Spirax-Sarco Engineering (LON:SPX) last posted its quarterly earnings data on Tuesday, March 10th. The company reported GBX 296.30 earnings per share for the quarter. Spirax-Sarco Engineering had a return on equity of 13.86% and a net margin of 9.60%. On average, equities analysts expect that Spirax-Sarco Engineering plc will post 334.5410628 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SPX shares. Shore Capital Group reissued a “hold” rating on shares of Spirax-Sarco Engineering in a report on Tuesday, March 10th. Stifel Nicolaus upped their price objective on shares of Spirax-Sarco Engineering from GBX 6,450 to GBX 7,250 and gave the company a “hold” rating in a research report on Wednesday, March 11th. Royal Bank Of Canada increased their target price on shares of Spirax-Sarco Engineering from GBX 6,000 to GBX 6,800 and gave the company an “underperform” rating in a research note on Wednesday, March 11th. JPMorgan Chase & Co. lifted their target price on Spirax-Sarco Engineering from GBX 7,500 to GBX 7,800 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 7,350 price target on shares of Spirax-Sarco Engineering in a research note on Wednesday, March 11th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 8,012.50.

About Spirax-Sarco Engineering

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. It creates more distinction between the Group and its Spirax Sarco trading Division (part of Steam Thermal Solutions), providing improved clarity for all stakeholders.