Smiths Group plc (LON:SMIN) Receives GBX 3,090 Average Target Price from Analysts

Shares of Smiths Group plc (LON:SMIN) have earned an average recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 3,128.33.

Several research firms recently issued reports on SMIN. Royal Bank Of Canada increased their price target on shares of Smiths Group from GBX 3,500 to GBX 4,300 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Berenberg Bank restated a “buy” rating and set a GBX 3,000 target price on shares of Smiths Group in a research note on Friday, May 22nd. Jefferies Financial Group decreased their price target on Smiths Group from GBX 2,900 to GBX 2,750 and set a “hold” rating on the stock in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. lowered their price target on Smiths Group from GBX 2,830 to GBX 2,810 and set an “overweight” rating for the company in a report on Friday, May 22nd.

Insiders Place Their Bets

In other news, insider Alister Cowan acquired 5,000 shares of the stock in a transaction dated Sunday, March 22nd. The stock was bought at an average price of GBX 2,268 per share, with a total value of £113,400. Also, insider Richard Howes acquired 70 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average price of GBX 2,532 per share, with a total value of £1,772.40. Insiders bought a total of 5,276 shares of company stock valued at $12,038,832 in the last 90 days. Corporate insiders own 0.81% of the company’s stock.

Smiths Group Stock Performance

Shares of SMIN stock opened at GBX 2,476 on Thursday. Smiths Group has a 52 week low of GBX 2,088 and a 52 week high of GBX 2,746. The company has a market capitalization of £7.48 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 0.35 and a beta of 0.73. The company has a 50-day simple moving average of GBX 2,453.99 and a 200 day simple moving average of GBX 2,483.89. 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 (LON:SMIN) last released its quarterly earnings results on Friday, March 20th. The company reported GBX 62 earnings per share (EPS) for the quarter. Smiths Group had a return on equity of 13.71% and a net margin of 11.39%. On average, sell-side analysts predict that Smiths Group will post 85.1295337 earnings per share for the current year.

Smiths Group Company Profile

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.