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

Shares of Smiths Group plc (LON:SMIN) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 2,876.67.

Several equities research analysts recently commented on SMIN shares. Jefferies Financial Group restated a “hold” rating and set a GBX 2,750 target price 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 target price on shares of Smiths Group in a report on Friday, May 22nd. JPMorgan Chase & Co. boosted their price target 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, Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,500 price target on shares of Smiths Group in a report on Wednesday, July 1st.

Insider Activity

In related news, insider Richard Howes bought 67 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were bought at an average price of GBX 2,658 per share, for a total transaction of £1,780.86. 0.85% of the stock is owned by insiders.

Smiths Group Stock Performance

Shares of Smiths Group stock opened at GBX 2,698 on Tuesday. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 73.19. The business has a 50-day moving average price of GBX 2,569.31 and a two-hundred day moving average price of GBX 2,535.49. Smiths Group has a 1-year low of GBX 2,088 and a 1-year high of GBX 2,754.18. The company has a market cap of £7.95 billion, a P/E ratio of 35.13, a PEG 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.