Smiths Group (LON:SMIN) Sets New 12-Month High – Here’s What Happened

Smiths Group plc (LON:SMIN)’s stock price hit a new 52-week high during trading on Monday. The stock traded as high as GBX 2,864.50 and last traded at GBX 2,863, with a volume of 368385 shares changing hands. The stock had previously closed at GBX 2,816.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SMIN. Berenberg Bank upped their target price on Smiths Group from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Jefferies Financial Group restated a “hold” rating and set a GBX 2,750 price objective on shares of Smiths Group in a report on Wednesday, July 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,500 price objective on shares of Smiths Group in a research report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. increased their target price on Smiths Group from GBX 2,810 to GBX 3,100 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Smiths Group has a consensus rating of “Moderate Buy” and an average target price of GBX 2,910.

Smiths Group Price Performance

The stock’s 50 day simple moving average is GBX 2,622.10 and its 200 day simple moving average is GBX 2,533.48. The company has a debt-to-equity ratio of 46.28, a quick ratio of 1.29 and a current ratio of 2.77. The firm has a market capitalization of £8.13 billion, a P/E ratio of 36.81, a P/E/G ratio of 0.35 and a beta of 0.74.

Smiths Group (LON:SMIN) last announced its quarterly earnings data on Tuesday, September 22nd. The company reported GBX 49.50 earnings per share (EPS) for the quarter. Smiths Group had a return on equity of 92.97% and a net margin of 101.70%. As a group, analysts expect that Smiths Group plc will post 85.1295337 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Smiths Group news, insider Richard Howes purchased 67 shares of the stock in a transaction on Monday, August 3rd. The stock was acquired at an average price of GBX 2,658 per share, with a total value of £1,780.86. 0.86% of the stock is currently owned by company insiders.

Smiths Group Company Profile

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.