Smiths Group plc (LON:SMIN) Receives GBX 2,876.67 Consensus Target Price from Analysts

Smiths Group plc (LON:SMIN) has received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 2,876.67.

Several analysts have issued reports on SMIN shares. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,500 price target on shares of Smiths Group in a research report on Wednesday, July 1st. Berenberg Bank reiterated a “buy” rating and issued a GBX 3,000 price objective on shares of Smiths Group in a report on Friday, May 22nd. JPMorgan Chase & Co. boosted their target price on Smiths Group from GBX 2,810 to GBX 3,100 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 2,750 target price on shares of Smiths Group in a report on Wednesday, July 1st.

Insiders Place Their Bets

In related news, insider Richard Howes acquired 67 shares of the stock in a transaction on Monday, August 3rd. The stock was purchased at an average price of GBX 2,658 per share, for a total transaction of £1,780.86. Insiders own 0.85% of the company’s stock.

Smiths Group Price Performance

Shares of Smiths Group stock opened at GBX 2,567.01 on Friday. The company has a debt-to-equity ratio of 73.19, a quick ratio of 1.29 and a current ratio of 3.04. Smiths Group has a 52-week low of GBX 2,088 and a 52-week high of GBX 2,754.18. The company has a fifty day moving average of GBX 2,598.98 and a 200-day moving average of GBX 2,539.28. The stock has a market capitalization of £7.57 billion, a price-to-earnings ratio of 33.42, a price-to-earnings-growth ratio of 0.35 and a beta of 0.73.

About Smiths Group

For 175 years, we have been pioneers of progress, engineering a better future. Our strategy is to be a focused, efficient and value creating industrial engineering company operating in the attractive and growing market segments of flow control, thermal solutions, construction and aerospace.

We focus on solving the toughest problems for our customers, helping address critical global needs such as decarbonisation and the ever-increasing demand for process and energy efficiency.

We are pioneers of progress.