Smiths Group (LON:SMIN) Price Target Raised to GBX 3,200

Smiths Group (LON:SMIN) had its price target upped by Berenberg Bank from GBX 3,000 to GBX 3,200 in a report released on Wednesday,Digital Look reports. They currently have a buy rating on the stock.

A number of other research firms have also issued reports on SMIN. JPMorgan Chase & Co. upped their target price on shares of Smiths Group from GBX 2,810 to GBX 3,100 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 2,750 price target on shares of Smiths Group in a research note on Wednesday, July 1st. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,500 price target on shares of Smiths Group in a research report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Smiths Group has an average rating of “Moderate Buy” and an average target price of GBX 2,910.

Smiths Group Price Performance

Shares of Smiths Group stock opened at GBX 2,816 on Wednesday. The stock has a market capitalization of £8.10 billion, a P/E ratio of 36.67, a PEG ratio of 0.35 and a beta of 0.74. The business has a 50 day simple moving average of GBX 2,622.10 and a two-hundred day simple moving average of GBX 2,533.72. Smiths Group has a 12 month low of GBX 2,088 and a 12 month high of GBX 2,848. The company has a debt-to-equity ratio of 46.28, a current ratio of 2.77 and a quick ratio of 1.29.

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

Insider Buying and Selling

In other news, insider Richard Howes bought 67 shares of Smiths Group stock in a transaction on 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. 0.86% of the stock is owned by company insiders.

About Smiths Group

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.