Smiths Group (LON:SMIN) Price Target Lowered to GBX 2,750 at Jefferies Financial Group

Smiths Group (LON:SMIN) had its price objective reduced by stock analysts at Jefferies Financial Group from GBX 2,900 to GBX 2,750 in a report released on Thursday,Digital Look reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 11.43% from the stock’s current price.

Several other research firms have also recently weighed in on SMIN. Royal Bank Of Canada increased their price objective on Smiths Group from GBX 3,500 to GBX 4,300 and gave the stock a “buy” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. lowered their price target on shares of Smiths Group from GBX 3,040 to GBX 2,830 and set an “overweight” rating on the stock in a research report on Monday, March 23rd. Finally, Citigroup lifted their price objective on shares of Smiths Group from GBX 2,950 to GBX 3,040 and gave the stock an “overweight” rating in a research note on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,090.

Smiths Group Stock Down 0.5%

Smiths Group stock opened at GBX 2,468 on Thursday. The company’s 50-day moving average price is GBX 2,450.89 and its two-hundred day moving average price is GBX 2,485.03. 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 stock has a market cap of £7.46 billion, a P/E ratio of 32.14, a P/E/G ratio of 0.35 and a beta of 0.73. Smiths Group has a twelve month low of GBX 2,088 and a twelve month high of GBX 2,746.

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

Insider Buying and Selling at Smiths Group

In related news, insider Richard Howes bought 70 shares of Smiths Group stock in a transaction dated Friday, May 1st. The shares were bought at an average cost of GBX 2,532 per share, with a total value of £1,772.40. Also, insider Simon Pryce purchased 206 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average price of GBX 2,532 per share, for a total transaction of £5,215.92. Insiders purchased 5,276 shares of company stock valued at $12,038,832 in the last three months. Corporate insiders own 0.81% of the company’s stock.

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.