Smiths Group (LON:SMIN) Sets New 1-Year High – What’s Next?

Smiths Group plc (LON:SMINGet Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 2,552 and last traded at GBX 2,550, with a volume of 554980 shares changing hands. The stock had previously closed at GBX 2,530.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Smiths Group in a report on Friday, October 17th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Smiths Group currently has an average rating of “Buy”.

Read Our Latest Research Report on SMIN

Smiths Group Price Performance

The company has a market capitalization of £8.28 billion, a P/E ratio of 29.89, a P/E/G ratio of 0.35 and a beta of 0.66. The business’s 50-day simple moving average is GBX 2,393.09 and its 200 day simple moving average is GBX 2,260.54. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.55.

Smiths Group (LON:SMINGet Free Report) last released its quarterly earnings results on Tuesday, September 23rd. The company reported GBX 85.70 EPS for the quarter. Smiths Group had a net margin of 7.98% and a return on equity of 11.54%. As a group, sell-side analysts anticipate that Smiths Group plc will post 85.1295337 EPS for the current year.

Insider Buying and Selling at Smiths Group

In other news, insider Julian Fagge sold 26,199 shares of Smiths Group stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of GBX 2,421, for a total value of £634,277.79. Also, insider Karin Hoeing acquired 224 shares of the stock in a transaction dated Monday, November 3rd. The stock was acquired at an average cost of GBX 2,522 per share, for a total transaction of £5,649.28. Insiders own 0.75% of the company’s stock.

Smiths Group Company Profile

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Smiths Group plc operates as an industrial engineering company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business engineers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems.

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