Smiths Group plc (LON:SMIN) Receives GBX 2,876.67 Average PT from Brokerages

Smiths Group plc (LON:SMIN) has earned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 2,876.67.

A number of brokerages recently issued reports on SMIN. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,500 target price on shares of Smiths Group in a research report on Wednesday, July 1st. JPMorgan Chase & Co. boosted their price target on Smiths Group from GBX 2,810 to GBX 3,100 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Berenberg Bank reiterated a “buy” rating and issued a GBX 3,000 price target on shares of Smiths Group in a research note on Friday, May 22nd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 2,750 price target on shares of Smiths Group in a report on Wednesday, July 1st.

Smiths Group Stock Performance

LON SMIN opened at GBX 2,658 on Tuesday. 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 capitalization of £7.84 billion, a P/E ratio of 34.61, a PEG ratio of 0.35 and a beta of 0.73. The business has a 50 day moving average price of GBX 2,574.43 and a 200 day moving average price of GBX 2,535.94. The company has a debt-to-equity ratio of 73.19, a current ratio of 3.04 and a quick ratio of 1.29.

Insider Activity at Smiths Group

In related news, insider Richard Howes purchased 67 shares of Smiths Group stock in a transaction dated Monday, August 3rd. The stock was bought at an average cost of GBX 2,658 per share, with a total value of £1,780.86. Company insiders own 0.85% of the company’s stock.

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.