Insider Buying: Smiths Group (LON:SMIN) Insider Buys £19,873.62 in Stock

Smiths Group plc (LON:SMIN) insider Laurence Mulliez acquired 702 shares of the business’s stock in a transaction dated Monday, September 28th. The stock was purchased at an average cost of GBX 2,831 per share, for a total transaction of £19,873.62.

Smiths Group Trading Down 1.5%

Smiths Group stock opened at GBX 2,782 on Friday. 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 plc has a 52 week low of GBX 2,088 and a 52 week high of GBX 2,885. The company has a market capitalization of £8.00 billion, a price-to-earnings ratio of 36.22, a price-to-earnings-growth ratio of 0.35 and a beta of 0.74. The stock has a 50-day moving average price of GBX 2,637.62 and a 200 day moving average price of GBX 2,542.76.

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

Wall Street Analysts Forecast Growth

SMIN has been the topic of a number of recent research reports. Berenberg Bank upped their target price on Smiths Group from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a research note on Wednesday, September 23rd. JPMorgan Chase & Co. lifted their price target on Smiths Group from GBX 2,810 to GBX 3,100 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 2,750 price target on shares of Smiths Group in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada restated 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. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,910.

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.