Smiths Group plc (LON:SMIN) Stock Has Average Target Price of GBX 2,876.67 According to Analysts

Shares of Smiths Group plc (LON:SMIN) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is GBX 2,910.

Several analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of 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. 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 report on Wednesday, July 1st. Jefferies Financial Group reiterated a “hold” rating and set a GBX 2,750 price objective on shares of Smiths Group in a research note on Wednesday, July 1st. Finally, Berenberg Bank increased their target price on shares of Smiths Group from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research report on Wednesday.

Insider Buying and Selling

In other Smiths Group news, insider Richard Howes purchased 67 shares of the stock in a transaction on Monday, August 3rd. The stock was acquired at an average price of GBX 2,658 per share, with a total value of £1,780.86. Company insiders own 0.86% of the company’s stock.

Smiths Group Price Performance

Shares of SMIN opened at GBX 2,816 on Wednesday. The company has a 50 day moving average price of GBX 2,622.10 and a 200-day moving average price of GBX 2,533.72. Smiths Group has a fifty-two week low of GBX 2,088 and a fifty-two week high of GBX 2,848. The stock has a market capitalization of £8.10 billion, a PE ratio of 36.67, a PEG ratio of 0.35 and a beta of 0.74. The company has a debt-to-equity ratio of 46.28, a quick ratio of 1.29 and a current ratio of 2.77.

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 return on equity of 92.97% and a net margin of 101.70%. Equities analysts predict that Smiths Group will post 85.1295337 earnings per share for the current fiscal year.

About Smiths Group

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.