Smiths Group plc (LON:SMIN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Smiths Group plc (LON:SMIN) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 2,910.

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 2,500 price objective on shares of Smiths Group in a research note on Wednesday, July 1st. JPMorgan Chase & Co. lifted their target price on shares of Smiths Group from GBX 2,810 to GBX 3,100 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Berenberg Bank boosted their target price on shares of 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. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 2,750 price target on shares of Smiths Group in a report on Wednesday, July 1st.

Smiths Group Stock Up 0.7%

Shares of SMIN opened at GBX 2,851 on Wednesday. The company has a market capitalization of £8.20 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 0.35 and a beta of 0.74. Smiths Group has a 52 week low of GBX 2,088 and a 52 week high of GBX 2,885. The stock’s 50-day moving average price is GBX 2,631.62 and its 200-day moving average price is GBX 2,537.48. The company has a quick ratio of 1.29, a current ratio of 2.77 and a debt-to-equity ratio of 46.28.

Smiths Group (LON:SMIN) last announced its quarterly earnings results on Tuesday, September 22nd. The company reported GBX 49.50 earnings per share for the quarter. Smiths Group had a return on equity of 92.97% and a net margin of 101.70%. On average, sell-side analysts predict that Smiths Group will post 85.1295337 EPS for the current year.

Insider Transactions at Smiths Group

In other news, insider Laurence Mulliez bought 702 shares of the stock in a transaction dated Monday, September 28th. The shares were acquired at an average cost of GBX 2,831 per share, with a total value of £19,873.62. Also, insider Richard Howes bought 67 shares of the stock in a transaction dated Monday, August 3rd. The shares were purchased at an average cost of GBX 2,658 per share, for a total transaction of £1,780.86. Corporate insiders own 0.86% of the company’s stock.

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.