Smiths Group (LON:SMIN) Given New GBX 2,830 Price Target at JPMorgan Chase & Co.

Smiths Group (LON:SMIN) had its price objective dropped by analysts at JPMorgan Chase & Co. from GBX 3,040 to GBX 2,830 in a research report issued to clients and investors on Monday,London Stock Exchange reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 26.45% from the company’s previous close.

A number of other research analysts have also recently commented on SMIN. Royal Bank Of Canada upped their target price on Smiths Group from GBX 3,500 to GBX 4,300 and gave the company a “buy” rating in a research note on Thursday, January 29th. Citigroup boosted their price objective on Smiths Group from GBX 2,950 to GBX 3,040 and gave the company an “overweight” rating in a report on Tuesday, January 27th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 2,750 price objective on shares of Smiths Group in a research report on Friday, November 28th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Smiths Group has an average rating of “Moderate Buy” and a consensus target price of GBX 3,158.

Smiths Group Trading Up 5.7%

Shares of Smiths Group stock traded up GBX 120 during trading on Monday, hitting GBX 2,238. The stock had a trading volume of 66,631,852 shares, compared to its average volume of 6,989,742. Smiths Group has a 12 month low of GBX 1,671 and a 12 month high of GBX 2,746. The company has a debt-to-equity ratio of 73.19, a current ratio of 3.04 and a quick ratio of 1.29. The firm’s fifty day simple moving average is GBX 2,565.64 and its 200-day simple moving average is GBX 2,464.08. The stock has a market cap of £6.99 billion, a PE ratio of 26.24, a PEG ratio of 0.35 and a beta of 0.59.

Smiths Group (LON:SMIN) last posted its quarterly earnings data on Friday, March 20th. The company reported GBX 62 earnings per share for the quarter. Smiths Group had a net margin of 11.39% and a return on equity of 13.71%. As a group, sell-side analysts expect that Smiths Group will post 85.1295337 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Richard Howes acquired 70 shares of Smiths Group stock in a transaction on Monday, February 2nd. The shares were bought at an average cost of GBX 2,496 per share, for a total transaction of £1,747.20. Also, insider Simon Pryce bought 68 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were purchased at an average cost of GBX 2,496 per share, with a total value of £1,697.28. 0.81% of the stock is currently owned by insiders.

Smiths Group Company Profile

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. The Smiths Detection business provides sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, and contraband.