Smiths Group (LON:SMIN) Price Target Lowered to GBX 2,810 at JPMorgan Chase & Co.

Smiths Group (LON:SMIN) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from GBX 2,830 to GBX 2,810 in a research note issued to investors on Friday,Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 12.72% from the stock’s previous close.

SMIN has been the subject of several other reports. Royal Bank Of Canada lifted their price objective on Smiths Group from GBX 3,500 to GBX 4,300 and gave the company a “buy” rating in a report on Thursday, January 29th. Citigroup raised their target price on shares of Smiths Group from GBX 2,950 to GBX 3,040 and gave the company an “overweight” rating in a research report on Tuesday, January 27th. Berenberg Bank restated a “buy” rating and issued a GBX 3,000 price target on shares of Smiths Group in a report on Friday. Finally, Jefferies Financial Group lowered their price target on shares of Smiths Group from GBX 2,900 to GBX 2,750 and set a “hold” rating for the company in a research report on Thursday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Smiths Group has a consensus rating of “Moderate Buy” and an average price target of GBX 3,128.33.

Smiths Group Stock Up 0.2%

Shares of LON SMIN opened at GBX 2,493 on Friday. The stock has a 50 day moving average price of GBX 2,448.63 and a 200 day moving average price of GBX 2,484.85. The firm has a market capitalization of £7.53 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 0.35 and a beta of 0.73. Smiths Group has a 52-week low of GBX 2,088 and a 52-week high of GBX 2,746. The company has a debt-to-equity ratio of 73.19, a quick ratio of 1.29 and a current ratio of 3.04.

Smiths Group (LON:SMIN) last issued its earnings results on Friday, March 20th. The company reported GBX 62 earnings per share for the quarter. Smiths Group had a return on equity of 13.71% and a net margin of 11.39%. Sell-side analysts expect that Smiths Group will post 85.1295337 earnings per share for the current year.

Insider Buying and Selling at Smiths Group

In other news, insider Alister Cowan purchased 5,000 shares of the firm’s stock in a transaction on Sunday, March 22nd. The stock was acquired at an average cost of GBX 2,268 per share, with a total value of £113,400. Also, insider Richard Howes bought 70 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average cost of GBX 2,532 per share, with a total value of £1,772.40. Over the last ninety days, insiders bought 5,276 shares of company stock valued at $12,038,832. 0.81% of the stock is currently owned by insiders.

About Smiths Group

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.