Smiths Group plc (LON:SMIN) Receives GBX 3,128.33 Consensus Price Target from Analysts

Shares of Smiths Group plc (LON:SMIN) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 3,128.33.

Several research analysts have recently commented on SMIN shares. JPMorgan Chase & Co. lowered their target price on shares of Smiths Group from GBX 2,830 to GBX 2,810 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,000 target price on shares of Smiths Group in a report on Friday, May 22nd. Finally, Jefferies Financial Group lowered their target price on shares of Smiths Group from GBX 2,900 to GBX 2,750 and set a “hold” rating on the stock in a report on Thursday, May 21st.

Smiths Group Stock Down 0.9%

SMIN opened at GBX 2,566 on Monday. Smiths Group has a fifty-two week low of GBX 2,088 and a fifty-two week high of GBX 2,746. The company has a debt-to-equity ratio of 73.19, a quick ratio of 1.29 and a current ratio of 3.04. The company has a market capitalization of £7.71 billion, a P/E ratio of 33.41, a P/E/G ratio of 0.35 and a beta of 0.73. The stock has a fifty day moving average of GBX 2,515.52 and a 200-day moving average of GBX 2,490.16.

Smiths Group (LON:SMIN) last announced its earnings results on Friday, March 20th. The company reported GBX 62 earnings per share (EPS) for the quarter. Smiths Group had a net margin of 11.39% and a return on equity of 13.71%. On average, equities analysts expect that Smiths Group will post 85.1295337 EPS for the current year.

Insiders Place Their Bets

In related news, insider Richard Howes purchased 70 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of GBX 2,532 per share, with a total value of £1,772.40. Also, insider Simon Pryce purchased 206 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of GBX 2,532 per share, with a total value of £5,215.92. 0.81% of the stock is currently owned by company insiders.

About Smiths Group

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.