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

Smiths Group plc (LON:SMIN) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, 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 12-month target price among brokers that have covered the stock in the last year is GBX 2,910.

A number of research analysts have recently weighed in on the company. Berenberg Bank increased their price target on Smiths Group from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. JPMorgan Chase & Co. raised their price target on Smiths Group from GBX 2,810 to GBX 3,100 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th.

Smiths Group Trading Up 0.3%

Shares of LON SMIN opened at GBX 2,697 on Thursday. The company’s 50 day simple moving average is GBX 2,675.11 and its 200 day simple moving average is GBX 2,575.72. Smiths Group has a fifty-two week low of GBX 2,088 and a fifty-two week high of GBX 2,885. The firm has a market capitalization of £7.36 billion, a P/E ratio of 4.31, a P/E/G ratio of 0.35 and a beta of 0.74. The company has a debt-to-equity ratio of 46.28, a current ratio of 2.77 and a quick ratio of 1.29.

Smiths Group (LON:SMIN) last released its earnings results on Tuesday, September 22nd. The company reported GBX 49.50 EPS for the quarter. Smiths Group had a net margin of 101.70% and a return on equity of 92.97%. On average, analysts predict that Smiths Group will post 85.13 EPS for the current year.

Insider Buying and Selling

In related news, insider Simon Pryce bought 192 shares of Smiths Group stock in a transaction on Monday, November 2nd. The shares were purchased at an average price of GBX 2,709 per share, for a total transaction of £5,201.28. Also, insider Julian Fagge sold 26,686 shares of the firm’s stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of GBX 2,668, for a total value of £711,982.48. Over the last ninety days, insiders have acquired 959 shares of company stock worth $2,683,575. Company insiders own 0.93% of the company’s stock.

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.