Insider Buying: Smiths Group (LON:SMIN) Insider Purchases £1,780.86 in Stock

Smiths Group plc (LON:SMIN) insider Richard Howes bought 67 shares of Smiths Group stock in a transaction dated Monday, August 3rd. The shares were bought at an average cost of GBX 2,658 per share, with a total value of £1,780.86.

Smiths Group Trading Up 0.4%

Shares of SMIN opened at GBX 2,700 on Thursday. The business’s 50-day moving average price is GBX 2,560.29 and its 200 day moving average price is GBX 2,533.89. The stock has a market capitalization of £8.06 billion, a P/E ratio of 35.16, a P/E/G ratio of 0.35 and a beta of 0.73. Smiths Group plc has a 1-year low of GBX 2,088 and a 1-year high of GBX 2,754.18. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 73.19.

Wall Street Analysts Forecast Growth

SMIN has been the topic of several analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 3,000 target price on shares of Smiths Group in a research report on Friday, May 22nd. Jefferies Financial Group restated a “hold” rating and issued a GBX 2,750 price target on shares of Smiths Group in a research report on Wednesday, July 1st. JPMorgan Chase & Co. raised their price objective on shares of Smiths Group from GBX 2,810 to GBX 3,100 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 2,500 price objective on shares of Smiths Group in a research report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Smiths Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,876.67.

Smiths Group Company Profile

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.