Smiths Group plc (LON:SMIN) Given Average Rating of “Moderate Buy” by Brokerages

Smiths Group plc (LON:SMIN) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 2,876.67.

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

Smiths Group Stock Down 0.5%

Smiths Group stock opened at GBX 2,612 on Friday. 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 has a 52-week low of GBX 2,088 and a 52-week high of GBX 2,754.18. The firm has a 50 day moving average price of GBX 2,601.58 and a two-hundred day moving average price of GBX 2,540.82. The firm has a market cap of £7.70 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 0.35 and a beta of 0.73.

Insider Activity

In other Smiths Group news, insider Richard Howes acquired 67 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were bought at an average cost of GBX 2,658 per share, with a total value of £1,780.86. 0.85% of the stock is owned by corporate insiders.

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.