Smiths Group plc (LON:SMIN) Stock Has Consensus Price Target of GBX 2,910 According to Analysts

Smiths Group plc (LON:SMIN) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 2,910.

Several research analysts have commented on SMIN shares. Berenberg Bank raised their target price on shares of Smiths Group from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. Jefferies Financial Group restated a “hold” rating and set a GBX 2,750 price target on shares of Smiths Group in a report on Wednesday, July 1st. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,500 price target on shares of Smiths Group in a research report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Smiths Group from GBX 2,810 to GBX 3,100 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th.

Smiths Group Trading Down 0.6%

Shares of LON SMIN opened at GBX 2,607 on Friday. Smiths Group has a 12 month low of GBX 2,088 and a 12 month high of GBX 2,885. The company has a market cap of £7.30 billion, a price-to-earnings ratio of 4.16, a P/E/G ratio of 0.35 and a beta of 0.74. The company has a quick ratio of 1.29, a current ratio of 2.77 and a debt-to-equity ratio of 46.28. The business has a fifty day simple moving average of GBX 2,657.39 and a 200-day simple moving average of GBX 2,585.99.

Smiths Group (LON:SMIN) last issued its quarterly earnings results on Tuesday, September 22nd. The company reported GBX 49.50 earnings per share for the quarter. Smiths Group had a return on equity of 92.97% and a net margin of 101.70%. Sell-side analysts predict that Smiths Group will post 85.13 EPS for the current year.

Insider Buying and Selling at Smiths Group

In other Smiths Group news, insider Laurence Mulliez bought 702 shares of Smiths Group stock in a transaction dated Monday, September 28th. The stock was bought at an average price of GBX 2,831 per share, for a total transaction of £19,873.62. Also, insider Richard Howes bought 67 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was acquired at an average cost of GBX 2,658 per share, with a total value of £1,780.86. Company insiders own 0.81% of the company’s stock.

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.