Smiths Group (LON:SMIN) Insider Purchases £1,697.28 in Stock

Smiths Group plc (LON:SMIN) insider Simon Pryce purchased 68 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were acquired at an average price of GBX 2,496 per share, with a total value of £1,697.28.

Smiths Group Trading Up 0.7%

Shares of Smiths Group stock opened at GBX 2,568 on Thursday. Smiths Group plc has a 1 year low of GBX 1,671 and a 1 year high of GBX 2,664. The company’s fifty day simple moving average is GBX 2,450.77 and its 200-day simple moving average is GBX 2,410.46. The company has a market cap of £8.15 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 0.35 and a beta of 0.66. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 29.55.

Smiths Group declared that its board has approved a stock repurchase plan on Wednesday, November 19th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

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