Smiths Group plc (LON:SMIN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Smiths Group plc (LON:SMIN) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 2,828.33.

A number of research firms have recently weighed in on SMIN. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 2,750 price objective on shares of Smiths Group in a research report on Wednesday, July 1st. JPMorgan Chase & Co. dropped their price target on shares of Smiths Group from GBX 2,830 to GBX 2,810 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Berenberg Bank reissued a “buy” rating and issued a GBX 3,000 price objective on shares of Smiths Group in a research note on Friday, May 22nd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,500 target price on shares of Smiths Group in a report on Wednesday, July 1st.

Insider Buying and Selling at Smiths Group

In related news, insider Simon Pryce bought 206 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of GBX 2,532 per share, with a total value of £5,215.92. Also, insider Richard Howes purchased 70 shares of Smiths Group stock in a transaction on Friday, May 1st. The stock was bought at an average price of GBX 2,532 per share, for a total transaction of £1,772.40. 0.81% of the stock is currently owned by insiders.

Smiths Group Stock Performance

LON:SMIN opened at GBX 2,560 on Friday. The stock has a 50-day simple moving average of GBX 2,517.49 and a two-hundred day simple moving average of GBX 2,512.84. Smiths Group has a 52-week low of GBX 2,088 and a 52-week high of GBX 2,746. 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 firm has a market capitalization of £7.64 billion, a PE ratio of 33.33, a P/E/G ratio of 0.35 and a beta of 0.73.

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.