Smiths Group (LON:SMIN) Insider Buys £113,400 in Stock

Smiths Group plc (LON:SMIN) insider Alister Cowan purchased 5,000 shares of the firm’s stock in a transaction that occurred on Sunday, March 22nd. The stock was acquired at an average price of GBX 2,268 per share, for a total transaction of £113,400.

Smiths Group Trading Down 0.4%

LON:SMIN opened at GBX 2,330 on Friday. The stock has a fifty day moving average price of GBX 2,550.30 and a two-hundred day moving average price of GBX 2,460.79. The stock has a market capitalization of £7.27 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 0.35 and a beta of 0.59. 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 plc has a 1 year low of GBX 1,671 and a 1 year high of GBX 2,746.

Smiths Group (LON:SMIN) last issued its earnings results on Friday, March 20th. The company reported GBX 62 EPS for the quarter. Smiths Group had a net margin of 11.39% and a return on equity of 13.71%. As a group, sell-side analysts anticipate that Smiths Group plc will post 85.1295337 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SMIN shares. Berenberg Bank restated a “hold” rating and set a GBX 2,750 target price on shares of Smiths Group in a research report on Friday, November 28th. Citigroup lifted their price target on shares of Smiths Group from GBX 2,950 to GBX 3,040 and gave the company an “overweight” rating in a research report on Tuesday, January 27th. Royal Bank Of Canada boosted their price target on Smiths Group from GBX 3,500 to GBX 4,300 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. lowered their price target on Smiths Group from GBX 3,040 to GBX 2,830 and set an “overweight” rating on the stock in a report on Monday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 3,158.

About Smiths Group

Smiths Group plc operates as an industrial engineering company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business engineers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems. The Smiths Detection business provides sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, and contraband.