Insider Buying: Smiths Group (LON:SMIN) Insider Purchases £1,747.20 in Stock

Smiths Group plc (LON:SMIN) insider Richard Howes acquired 70 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was bought at an average price of GBX 2,496 per share, with a total value of £1,747.20.

Smiths Group Price Performance

Shares of LON SMIN opened at GBX 2,568 on Thursday. The company has a debt-to-equity ratio of 29.55, a current ratio of 2.07 and a quick ratio of 1.29. The stock has a fifty day moving average price of GBX 2,450.77 and a 200 day moving average price of GBX 2,410.46. Smiths Group plc has a 1-year low of GBX 1,671 and a 1-year high of GBX 2,664. The company has a market cap of £8.15 billion, a PE ratio of 30.11, a P/E/G ratio of 0.35 and a beta of 0.66.

Smiths Group announced that its Board of Directors has approved a share repurchase program on Wednesday, November 19th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SMIN shares. Berenberg Bank restated a “hold” rating and issued a GBX 2,750 price target on shares of Smiths Group in a report on Friday, November 28th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 2,870 price target on shares of Smiths Group in a report on Thursday, November 20th. Citigroup raised their target price on Smiths Group from GBX 2,950 to GBX 3,040 and gave the company an “overweight” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada upped their target price on Smiths Group from GBX 3,500 to GBX 4,300 and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of Smiths Group from GBX 2,820 to GBX 2,950 and gave the company an “overweight” rating in a report on Thursday, December 4th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Smiths Group has an average rating of “Moderate Buy” and a consensus target price of GBX 3,182.

Smiths Group Company Profile

Smiths Group plc operates as an industrial engineering company in Americas, Europe, the Asia Pacific, and internationally. It operates through four businesses: John Crane, Smiths Detection, Flex-Tek, and Smiths Interconnect. The John Crane business engineers mechanical seals, seal support systems, power transmission couplings, and specialized filtration systems. The Smiths Detection business provides sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, and contraband.