JPMorgan Chase & Co. Increases Smiths Group (LON:SMIN) Price Target to GBX 3,100

Smiths Group (LON:SMIN) had its target price lifted by equities research analysts at JPMorgan Chase & Co. from GBX 2,810 to GBX 3,100 in a report released on Tuesday,Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 15.63% from the company’s current price.

SMIN has been the topic of a number of other research reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,500 price objective on shares of Smiths Group in a report on Wednesday, July 1st. Jefferies Financial Group restated a “hold” rating and set a GBX 2,750 target price on shares of Smiths Group in a research note on Wednesday, July 1st. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,000 target price on shares of Smiths Group in a research report on Friday, May 22nd. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Smiths Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,876.67.

Smiths Group Price Performance

Shares of SMIN stock opened at GBX 2,681 on Tuesday. The firm has a fifty day simple moving average of GBX 2,537.48 and a 200-day simple moving average of GBX 2,524.80. The company has a market capitalization of £8.00 billion, a PE ratio of 34.91, a price-to-earnings-growth 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. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 73.19.

Insider Buying and Selling at Smiths Group

In related news, insider Richard Howes bought 70 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was bought at an average price of GBX 2,532 per share, with a total value of £1,772.40. Also, insider Simon Pryce bought 206 shares of the company’s stock in a transaction dated 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. 0.81% 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.