Smiths Group plc (LON:SMIN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Smiths Group plc (LON:SMIN) has been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 3,128.33.

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on Smiths Group from GBX 2,830 to GBX 2,810 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Jefferies Financial Group decreased their price objective on Smiths Group from GBX 2,900 to GBX 2,750 and set a “hold” rating on the stock in a report on Thursday, May 21st. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 3,000 target price on shares of Smiths Group in a research report on Friday, May 22nd.

Insider Activity at Smiths Group

In other Smiths Group news, insider Simon Pryce bought 206 shares of Smiths Group stock in a transaction dated Friday, May 1st. The shares were purchased at an average cost of GBX 2,532 per share, for a total transaction of £5,215.92. Also, insider Alister Cowan bought 5,000 shares of Smiths Group stock in a transaction dated Sunday, March 22nd. The stock was acquired at an average price of GBX 2,268 per share, for a total transaction of £113,400. Insiders have acquired a total of 5,276 shares of company stock valued at $12,038,832 over the last 90 days. 0.81% of the stock is owned by corporate insiders.

Smiths Group Stock Down 0.5%

Shares of SMIN stock opened at GBX 2,589 on Monday. The stock has a market cap of £7.78 billion, a P/E ratio of 33.71, 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 quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 73.19. The company’s fifty day simple moving average is GBX 2,515.52 and its two-hundred day simple moving average is GBX 2,489.73.

Smiths Group (LON:SMIN) last issued its quarterly earnings data 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%. Analysts predict that Smiths Group will post 85.1295337 EPS for the current fiscal year.

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.