Smiths Group (LON:SMIN) Insider Purchases £113,400 in Stock

Smiths Group plc (LON:SMIN) insider Alister Cowan purchased 5,000 shares of the firm’s stock in a transaction dated Sunday, March 22nd. The stock was bought at an average cost of GBX 2,268 per share, with a total value of £113,400.

Smiths Group Price Performance

Shares of SMIN opened at GBX 2,248 on Tuesday. The business has a 50-day moving average of GBX 2,561.24 and a 200-day moving average of GBX 2,463.34. The company has a debt-to-equity ratio of 73.19, a current ratio of 3.04 and a quick ratio of 1.29. The company has a market capitalization of £7.02 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 0.35 and a beta of 0.59. Smiths Group plc has a 1 year low of GBX 1,671 and a 1 year high of GBX 2,746.

Smiths Group (LON:SMIN) last announced its earnings results on Friday, March 20th. The company reported GBX 62 EPS for the quarter. Smiths Group had a return on equity of 13.71% and a net margin of 11.39%. As a group, equities research analysts anticipate that Smiths Group plc will post 85.1295337 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SMIN. Citigroup upped their price objective on shares of 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. JPMorgan Chase & Co. lowered their target price on shares of Smiths Group from GBX 3,040 to GBX 2,830 and set an “overweight” rating for the company in a research note on Monday. Royal Bank Of Canada boosted their target price on shares of Smiths Group from GBX 3,500 to GBX 4,300 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,750 price target on shares of Smiths Group in a research report on Friday, November 28th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,158.

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.