Smiths Group plc (LON:SMIN) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Smiths Group plc (LON:SMIN) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 2,910.

Several brokerages recently commented on SMIN. Berenberg Bank increased their target price on shares of Smiths Group from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. Jefferies Financial Group restated a “hold” rating and set a GBX 2,750 price objective on shares of Smiths Group in a research note on Wednesday, July 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,500 target price on shares of Smiths Group in a research report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. increased their price target on Smiths Group from GBX 2,810 to GBX 3,100 and gave the company an “overweight” rating in a research report on Tuesday, July 28th.

Smiths Group Stock Up 0.6%

LON:SMIN opened at GBX 2,834 on Wednesday. The stock has a 50-day simple moving average of GBX 2,622.10 and a 200 day simple moving average of GBX 2,533.48. Smiths Group has a 52-week low of GBX 2,088 and a 52-week high of GBX 2,848. The company has a market cap of £8.15 billion, a PE ratio of 36.90, a PEG ratio of 0.35 and a beta of 0.74. The company has a debt-to-equity ratio of 46.28, a quick ratio of 1.29 and a current ratio of 2.77.

Smiths Group (LON:SMIN) last released its quarterly earnings results on Tuesday, September 22nd. The company reported GBX 49.50 earnings per share for the quarter. Smiths Group had a return on equity of 92.97% and a net margin of 101.70%. On average, sell-side analysts expect that Smiths Group will post 85.1295337 EPS for the current fiscal year.

Insider Activity

In related news, insider Richard Howes acquired 67 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were bought at an average price of GBX 2,658 per share, for a total transaction of £1,780.86. 0.86% of the stock is currently owned by corporate insiders.

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.