Smiths Group (LON:SMIN) Insider Purchases £1,760.85 in Stock

Smiths Group plc (LON:SMIN) insider Richard Howes purchased 65 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was bought at an average cost of GBX 2,709 per share, with a total value of £1,760.85.

Smiths Group Trading Up 2.0%

Shares of SMIN traded up GBX 55 during midday trading on Monday, reaching GBX 2,753. The company had a trading volume of 792,367 shares, compared to its average volume of 9,510,297. Smiths Group plc has a 1-year low of GBX 2,088 and a 1-year high of GBX 2,885. The company has a quick ratio of 1.29, a current ratio of 2.77 and a debt-to-equity ratio of 46.28. The firm has a 50 day simple moving average of GBX 2,666.53 and a 200-day simple moving average of GBX 2,571.74. The stock has a market cap of £7.70 billion, a PE ratio of 4.40, a price-to-earnings-growth ratio of 0.35 and a beta of 0.74.

Smiths Group (LON:SMIN) last announced its quarterly earnings data on Tuesday, September 22nd. The company reported GBX 49.50 earnings per share (EPS) for the quarter. Smiths Group had a net margin of 101.70% and a return on equity of 92.97%. Research analysts forecast that Smiths Group plc will post 85.13 EPS for the current fiscal year.

Analyst Ratings Changes

SMIN has been the topic of a number of recent analyst reports. Berenberg Bank upped their price objective on Smiths Group from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a report on Wednesday, September 23rd. JPMorgan Chase & Co. lifted their target price 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. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.