Smiths Group plc (LON:SMIN) Stock Has Consensus Target Price of GBX 2,910 According to Analysts

Shares of Smiths Group plc (LON:SMIN) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 2,910.

Several equities analysts have recently issued reports on the stock. Berenberg Bank boosted their price target on shares of 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. raised their price objective 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.

Insiders Place Their Bets

In other Smiths Group news, insider Laurence Mulliez purchased 702 shares of the company’s stock in a transaction dated Monday, September 28th. The shares were bought at an average price of GBX 2,831 per share, with a total value of £19,873.62. Also, insider Julian Fagge sold 26,686 shares of Smiths Group stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of GBX 2,668, for a total value of £711,982.48. Insiders bought a total of 959 shares of company stock valued at $2,683,575 in the last three months. Insiders own 0.93% of the company’s stock.

Smiths Group Stock Up 0.3%

Shares of LON:SMIN opened at GBX 2,697 on Thursday. Smiths Group has a 52 week low of GBX 2,088 and a 52 week high of GBX 2,885. The company has a debt-to-equity ratio of 46.28, a quick ratio of 1.29 and a current ratio of 2.77. The company has a market capitalization of £7.36 billion, a PE ratio of 4.31, a PEG ratio of 0.35 and a beta of 0.74. The company has a 50 day moving average price of GBX 2,675.11 and a two-hundred day moving average price of GBX 2,575.72.

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

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.