Jefferies Financial Group Reaffirms “Buy” Rating for Smiths Group (LON:SMIN)

Jefferies Financial Group reiterated their buy rating on shares of Smiths Group (LON:SMIN) in a report published on Tuesday, Marketbeat reports. Jefferies Financial Group currently has a GBX 2,180 ($27.71) price objective on the stock.

Smiths Group Price Performance

Shares of LON SMIN opened at GBX 1,742 ($22.14) on Tuesday. Smiths Group has a fifty-two week low of GBX 1,517.50 ($19.29) and a fifty-two week high of GBX 1,776.50 ($22.58). The stock has a market cap of £6.03 billion, a price-to-earnings ratio of 2,639.39, a PEG ratio of 0.35 and a beta of 0.65. The company has a debt-to-equity ratio of 32.22, a quick ratio of 1.29 and a current ratio of 1.91. The firm’s 50-day simple moving average is GBX 1,653.42 and its 200 day simple moving average is GBX 1,657.71.

Smiths Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, May 13th. Investors of record on Thursday, April 4th were given a GBX 13.55 ($0.17) dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a yield of 0.82%. Smiths Group’s payout ratio is 6,363.64%.

Insider Activity at Smiths Group

In related news, insider Richard Howes acquired 111 shares of the stock in a transaction on Wednesday, May 1st. The shares were acquired at an average price of GBX 1,603 ($20.37) per share, with a total value of £1,779.33 ($2,261.48). 0.60% of the stock is owned by insiders.

Smiths Group Company Profile

Smiths Group plc operates as a technology company in Americas, Europe, the Asia Pacific, and internationally. It operates through four divisions: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane division offers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.