Smiths Group’s (SMIN) “Hold” Rating Reaffirmed at Jefferies Financial Group

Smiths Group (LON:SMIN)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Financial Group in a research report issued on Wednesday,Digital Look reports. They presently have a GBX 2,750 target price on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 8.10% from the stock’s previous close.

Several other research firms have also recently commented on SMIN. JPMorgan Chase & Co. cut their price target on Smiths Group from GBX 2,830 to GBX 2,810 and set an “overweight” rating for the company in a report on Friday, May 22nd. 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. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 3,000 price target on shares of Smiths Group in a research note on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,828.33.

Smiths Group Stock Performance

Shares of SMIN traded down GBX 16 during trading hours on Wednesday, reaching GBX 2,544. 879,135 shares of the company traded hands, compared to its average volume of 11,428,673. The company has a debt-to-equity ratio of 73.19, a quick ratio of 1.29 and a current ratio of 3.04. The stock’s fifty day moving average is GBX 2,519.86 and its 200 day moving average is GBX 2,499.05. Smiths Group has a 1-year low of GBX 2,088 and a 1-year high of GBX 2,746. The stock has a market cap of £7.65 billion, a P/E ratio of 33.12, a price-to-earnings-growth ratio of 0.35 and a beta of 0.73.

Insider Buying and Selling

In related news, insider Richard Howes purchased 70 shares of the stock in a transaction on Friday, May 1st. The shares were purchased at an average cost of GBX 2,532 per share, for a total transaction of £1,772.40. Also, insider Simon Pryce acquired 206 shares of the company’s stock in a transaction on Friday, May 1st. The shares were bought at an average price of GBX 2,532 per share, with a total value of £5,215.92. 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.